Budget 2019 expectations: Realtors demand industry status from Modi government - Will this interim one will be consumer-oriented?
Standing in sync with Navin Raheja; Rakesh Yadav, CMD, Antriksh India told Zee Business online, "Industry status will make credit line easier for the real estate developers, which is one of the major cause for delay in delivery to the home buyers. If it is done this budget, it would help developers coming out of the trap of market loans which are charged at very higher rates, which finally falls on the home buyers."
"Industry status is an age-old demand and the government of India should take it seriously as it would ensure timely completion of the projects and hence timely delivery to the home buyers." Reuters