Sources claimed at the www.propertykhazana.com says that, Confederation of Indian Industry (CII) recommended the Government that realty and residential segment must be upgraded with ‘Industry Status’ and the integrated township development activity must be considered with ‘Infrastructure Status’, while looking for the complete improvement in these segments. This segment is working under adverse policy and taxation environment which has happened in its growth potential but not yet featured fully. Realty and residential segment has played as a preventer role in India’s growth tale with burly back and further connections with over 300 industry segments comprising cement, steel, brick, timber, building material and so on.
Looking for the new and positive landing for growth of this segment, the CII has pressed that Industry Status to Realty & Residential must be the foundation for the new policy and this will bring about a main amendment in terms of sentiment of the industry. It will support investments and mallet the corporate culture and industry control, which will benefit hugely for both economy in general and consumers in particular. The industry status will also assist the segment to contact bank lending at an aggressive interest rate at less extra values as against high risk rates existing. For more updates on realty market browse www.propertykhazana.com.
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