pre-budget expectations from Mr. Varun Manian, MD, Radiance Realty Developers LTD.

New Delhi, July 05, 2019: “The Real Estate and Infrastructure sector is one of the predominant growth drivers of our GDP and the sectors offers huge employment opportunities. Currently, we are far from making home ownership a reality for the vast majority of the hard-working Indian middle-class and at the same time developers are burdened with slow sales and unsold inventory. We believe that this time, the union budget would have a positive impact on the sector with some measures to re-energise the sector, including; simplified and unified GST where buyers benefit,  allowing PSU banks to extend credit to developers on merit (removing real estate from red list), RERA approval timelines to be earmarked, singular definition of affordable housing for interest sub-vention and allow direct FDI into residential projects.”

Corporate Comm India (CCI Newswire)