The inaccessibility of shoddy assets and the decreasing
interest in business sector are the most intense hindrances confronted by the
land business. With a specific end goal to serve the credits, the designers at
present need to pay a financing cost of around 14-16%. The stagnancy in realty
market and languid deals is limiting inward accumulations of assets which bring
about the designers searching for outside sources. The designers would be
permitted to fit the bill for genuine money related guide from National Banks
at a much moderate rate through an 'Industry Status' to realty area. Earth Group,
an unmistakable name in the land part highlights that the endorsement system
will end up being an extraordinary move as it will empower the designers to
begin development on time, sparing colossal measure of assets. The delay in
construction results in the increase in cost of construction and raises the
price of property in the market.
Earth Group states that the approval time frame would be cut
down by almost half with the application of ‘Single Window Clearance’. It will
have an impact on the housing prices as well. The problem of sluggish demand in
the market would be resolved and the fund-flow cycle would be channelized. Real estate sector is one of the most crucial
and major contributors to the Gross Domestic Product (GDP). Thus the Honorable
Finance Minister and Union Government should lay emphasis on the basic demands
of realty sector apart from other aids in terms of tax rebate etc. in the
upcoming budget.
No comments:
Post a Comment