...call for one-time rejig of real estate loans
‘Housing for all by 2022’ coupled with ‘smart cities’ vision will be the catalyst to propel the real estate industry growth, said a CREDAI resolution at it’s second edition of New India Summit in Mysuru.
CREDAI also highlighted the important and significant role the realtors from smaller cities will play in the longterm growth of the industry and the economy as a whole.
“The apex body, in order to supplement this growth, aims to expand to 300 city chapters by 2019 with the primary expansion taking place in Tier-II, -III & -IV cities,” said CREDAI President, Jaxay Shah, addressing the summit.
The New India Summit in Mysore designed to deliberate the growth of real estate sector in tier II, III & IV cities, saw over 1000-member developers and experts from the real estate sector from across the country attending.
CREDAI strongly believes that focusing on smaller cities, will not only result in quality infrastructure and improved standards of living but also generate growth in employment opportunities in India’s vast hinterland.
CREDAI also took up few policy centric recommendations to sustain the growth and development of the real estate sector across the country including rationalisation of GST, single window clearance for projects and onetime restructuring of all real estate loans.