Letter to lawmakers by CREDAI
No Comments Sub Category:Other cities,Realty News Posted On: Dec 11, 2012
To encourage growth in the real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) has sent a letter to MPs to look into this matter.CREDAI national president , Lalit Kumar Jain requested in this letter to focus more on housing sector which will not involve any cost and problems. Letter also shows suggestion of a 10 point action plan to reform the sector.
He added that real estate sector, after agricultural sector, is the largest employer which must be rejuvenated by this action plan to support in growth of economy. The letter also highlighted the pitfalls of the proposed Land Acquisition and Real Estate Regulatory Bills.
These shortcomings are hopefully to be resolved in the ongoing session of Parliament. According to the letter, the regulatory bills neglected to penalise defaulting buyers and corrupt officials. CREDAI urges MPs to consider real estate reforms. Also the land acquisition bill is planning to raise housing prices.
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agricultural sector, agricultural sector in india, CREDAI, growth of economy, Housing prices, Housing sector, housing sector in india, land acquisition, Parliament, Real estate in India, Real Estate regulatory bill, Real estate regulatory bills, Real Estate Sector, realty sector in india
