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Real estate players demand for industry status

Comments(2) Sub Category:Uncategorized Posted On: Feb 28, 2012

The industry status is what the property consultants are demanding in the upcoming realty budget!

Tax exemption on home loans and incentives to promote affordable housing segment is all what the real estate players are demanding for!

Also, the realty players want to create a demand for retail space in shopping malls for the Foreign Direct Investment (FDI) and also to boost the real estate sales supply a single clearance for further development of the projects.

The amplification and expansion has been demanded on the one per cent interest rate subsidy provided by the government for loans towards affordable housing.

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has therefore requested the government to incentive affordable housing segment in order to face the high land cost issues.

Overall the realty players as well as CREDAI has demanded the realty experts to re-introduce in concern with affordable housing!

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Source: Business Standard

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