According to the website www.propertykhazana.com, “the CREDAI, also known as the Confederation of Real Estate Developers Association of India believed that the segment will play a vital role towards India’s growth and development. The VP of CREDAI, stressed on the fact that approx 350 industries are present and it will play a vital role to generate the employment to nearly around 35 million people and most of them are not educated, the realty segment has got lot of promises, which will go a long way if the government will provide proper yardsticks and commitment.
As per the sources at www.propertykhazana.com, CREDAI informed that the retail and commercial segment will take approx another two to three years before it comes back to normal. The real estate segment will be having a good growth due to the growth of residential segments. Furthermore, there has been staggering growth for this segment in the year 2010. In addition to this, VP also maintained the fact that the positive attitude and emotions will play a vital role in overcoming the deficit of approx 25 million inhabiting units which could play a vital role to the growth of realty segment which is hurt by recession.
In addition to this, the lack of good housing is there at the base level. CREDAI also said that it will play a role for the augmentation of this segment. Speaking to the www.propertykhazana.com, VP also stressed on the fact that, Punjab is a new market and needs to be harnessed, and potential is huge and the mentality of the people over there must be changed.
He also said that state is giving huge income which is close to approx INR 2,800 Crores from the agricultural activities and it is very entertaining to note that Punjabis are interested in procuring land outside their place.
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