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Real estate gets special care from the Govt

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Many new reforms in the realty segment have changed the ominous image of the Indian realty which was struggling hard to survive with loads of burden of both economic and social pressure. According to the sources of www.propertykhazana.com the dwelling realty industry from last six months has got some relief packages from Reserve Bank of India which in turn will help them to speed up in the coming days.
Starting with the interest rate cut for the slab of Rs 20 lakh has cleared the dark cloud among the buyers who can now approach a builder for further negotiation of any housing unit. Secondly it is very relaxed that the govt. has realized the realty sector one of the best provisions for the employment in the country consuming around 1 million directly and other 2 million are attached in one or the other means to the industry as per the sources of www.propertykhazana.com.
“Still there are lot to be done for the better condition of the realty and whatever steps has been taken till now is also realty appreciable” states Chairman of Hiranandani – Niranjan Hiranandani. At the same time placing realty in the priority sector status has made the realty trade more flexible to the exemption of duties and other taxes on associated products like steel, iron and cement and hence reducing the construction cost of a project. “As a result of all these measures many enquiries have queued up in the booking counter for the recent launch of the projects from the end of the last month” adds director of Runwal group Sandeep Runwal. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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