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Indian realty landed on negligence, says CREDAI

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India wants to view greater developer’s center on attuning supply and demand to accurate the present market downturn. Chairman of Confederation of Real Estate Developers Associations of India (CREDAI) said to www.propertykhazana.com that, “We must concentrate on attune betwixt supply and demand. On one side, there is hidden demand and on other side there is a creation of denying penchant. In addition, a favorable environment must be formed by the people who are in authority.”
He anticipates cash flow problems must be relieved for Indian developers in the coming 4-6 Months, by following a chain of measures set up by the RBI. He also said that, “We have met the Govt. and have even produced documents on SEZs. Govt. must take a gung ho role and should force the realty segment.” India’s realty segment is still expecting to grow thanks to a continuing scarcity of about 20-25 Million residences and a forthcoming refugee of workers from rural to urban centers. For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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