Real estate deserves industry status
This will help the sector get low-cost funding, which in turn will reduce cost overruns
Real estate in partnership with infrastructure has driven GDP growth over the years; and it has the potential to help India achieve the goal of evolving into a $5 trillion economy.
Over the years, we have seen how in some aspects small tweaks result in major advantages. Granting of industry status is one such aspect. To be fair, affordable housing has been granted this; other segments in real estate are also waiting for a ‘change in status’ — and with good reason.
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https://www.thehindubusinessline.com/opinion/real-estate-deserves-industry-status/article36047053.ece