Finance ministry assures Credai to reduce cost of funds
D.K. Mittal, Secretary – Ministry of Finance (Banking & Insurance) has assured Confederation of Real Estate Developers’ Association of India (CREDAI)‘s Chairman Pradeep Jain that Union Government will look into reducing the cost of funds for real estate developers.
It is a welcome sign from the finance ministry to the real estate developers that the government promises to look into the problems of the real estate developers and work toward reducing the cost of financing through the banks and financial institutions.
The developers’ body has written an open letter to the Prime Minister and set a 10-point agenda for solving the housing problem faced by millions across the country. It has suggested comprehensive reforms in the real estate sector, covering land, administration, banking and tax.
Confederation of Real Estate Developers' Association of India (CREDAI), cost of financing, cost of funds, Indian real estate, Prime Minister, Real Estate Developers, Real estate in India, Real Estate India, real estate reforms, Tax, Union government
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