Mr. Sandeep Mehta,
President,CREDAI Chennai, Managing Director, Jain Constructions.
"The Union
budget has been very disappointing this year and has not provided any incentive
or / motivation. I feel the real estate
sector has been ignored in a big way, except for a few tax exemptions provided
to first time house buyers.
Today, real estate s
sector is facing a shortage of funds. When real estate improves,it has an
effect on the other ancillary industries.The recovery of the economy is
dependent on the revival of the realty sector"
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