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:
LINK
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