What would bolster the recovery of the Indian Realty Sector?
Rakesh Reddy, Director, Aparna Constructions, For PropTiger
In a recent interview with PropTiger, our director Mr. Rakesh Reddy, shared his thoughts on the recovery of the Real-Estate Sector, after its recent downfall. He specifically shed light on the following:
How the IL&FS crash led to the stalling of projects across cities.
Government’s attempt at recovery through funds.
The inefficiency of the current taxation structure for the realty estate sector.
Importance of tax regulation to make housing affordable for home buyers.
Why the reduction of the GST on under-construction projects is essential.
How streamlining the approval process will help with recovering, and many more.
Check out the complete interview with a detailed explanation of the factors that could help with the recovery process of this sector here:
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