• New Delhi:21.05.20- From the webinar platform provided by ICCPL and Realty & More, realtors requested government to streamline procedures and make them shorter to help the real estate sector grow. The webinar was third in the series and it had a theme 'The state of Real Estate post Covid-19'. All of the panelists also asked to extend the deadlines of RERA further.
  • Talking about the hurdles being faced by the realtors, Deepak Kapoor, director, Gulshan Homz, said, “There are lot of hurdles where we approach various departments to inform about them about procedural tangles. My request to government is that all schemes are given to the sector for the betterment but all this will help if they make implementation simpler.”
  • Agrees Pravin Jain, President of NAREDCO, and CMD of Tulip Infratech Pvt Ltd, “We are working for betterment of the society and with around 250 allied industries attached to it, sector plays a larger role in economy. We request government to restructure loans, no GST for two to three years, and no stamp duty.”
  • “Property prices have not increased for quite some time now. And if we look at inflation which is average 5 per cent in India then property is already at a discount of around 30 per cent. So it is not good to expect discounts from developers as costs are going up. The buyer should look for reliable deals and not the discounted deals. By reliable deals I mean people should look for delivery of projects and not for discounts where developer might not be able to deliver,” said Vikas Wadhawan, CFO, propTiger. com.