Government to give industry status to realty sector
In a move to help the real estate sector, government is planning to give industry status to the real estate infrastructure sector.
This move will help the real estate sector to get access to cheaper finance from banks.
The proposal for industry status has already been submitted to the finance ministry for its consideration.
Getting industry status for the real estate sector is important as this will improve funding and bring more transparency to the sector. After agriculture, construction business is the largest employer in the nation.
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