Industry leaders on Monday hailed Narendra Modi-led government's decision to scrap Article 370 which gave special status to Jammu and Kashmir, saying it will ensure equality to residents of the state
States shouldn't levy stamp duty on affordable housing to boost demand for low cost homes: DLF CEO Rajeev Talwar
DLF's CEO Rajeev Talwar said the real estate should not be treated as 'milching cow' and added that there is a case for even lowering the GST rate from current 12 percent
"Granting of infrastructure status to projects will attract large companies to the sector and inculcate corporate governance," said NAREDCO President Praveen Jain.
All the companies have denied any wrong doing
The government today relaxed foreign direct investment (FDI) norms in construction sector by removing two major conditions related to minimum built up area as well as capital requirement. This means that any project regardless of size which is under construction can have access to FDI.
Most of what is being built by real estate developers will continue to remain unsold. The real estate developers have priced themselves out of the market