Tuesday, February 26, 2008

General Budget - real estate industry want more sops

The real estate tycoons and the developers lobbies have expressed expectations for some workable sops for the real estate business and infrastructure development agencies. According to Nitesh Shetty one of the top developers of the state growing at a pace of 30% annually and with the estimated size of US $ 12 billion, Indian Real Estate sector has emerged as one of the most appealing areas for the domestic as well as foreign investors. With about 250 ancillary industries like cement, steel, bricks etc linked to the real estate sector, it is the second largest employing sector in India and is the major contributor to India’s GDP. We are very optimistic about the Union Budget 2008-09 and expect Finance Minster to address the following areas.

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1 comment:

ankit said...

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