Real estate sector plays a vital role in the Indian economy. It is time that it gets its due recognition and impetus. I am pretty optimistic and hope that the Union Budget 2011-2012 will bring in a fresh lease of life and reforms that will give the industry the much needed thrust. I believe the following modification will have a positive impact on the housing sector as whole.”Creation of Real Estate Regulatory Authority and bring into force a Model Real Estate (Regulation of Development) Act.
Reducing timelines for government approvals.
Standard Operating Procedures for funding in Real Estate.
Simplification of taxation in the sector.
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