The government is quite serious about its flagship programme, "Housing for All by 2022", under which five crore new houses are to be built to meet the housing shortage.
Factors like low demand and slow sales coupled with a huge debt and high interest rates continued to exacerbate industry. Yet, a friendly budget set the hope for reforms.
Real Estate Investment Trusts, or REITS, may well prove to be a game changer for the real estate sector as there may be Reitable office space worth Rs 60,000 generating Rs 6,000 crore of annual rental...
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