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Realty houses expects bonanza from govt. for budget housing

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Going down the market the affordable segment has grew up with huge popularity across the country and a short explanation by president of the country – Pratibha Patil on budget housing has made a huge expectation among the realty houses for better days ahead after the budget as per the sources added on www.propertykhazana.com.
On a short note with www.propertykhazana.com head of Gera developers – Kumar Gera states that “now at least we can expect a better budget with more relaxation on the realty duties and a better package around Rs 5000 – Rs 10000 crore for the affordable housing as housing has become one of the most debated issues of the current national problems”. On the same note, Brotin Banerjee of Tata Housing has revealed that “the govt. should provide subsidy for the budgeted housing, so that it can be more cheering among the major portion of the realty players and at the same instance there should be some relaxation on duties for the high end users”.
With margin going below the sustainable line many realtors have come down to debt to their respective lenders and recovery for the same is another major issue for the lenders and hence govt. norms of ‘waive off’ can be a key role to bring up the lost confidence among the realty mass, Banerjee adds further on www.propertykhazana.com. Along with this public private partnership format can also play a vital role in procuring the realty world as concluded by Banerjee.
Source: NBTVLIVE

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