New Govt Wish List: Lower EMIs, Faster Approvals, Realtors Outline Path For Housing Boom
Realtors body NAREDCO on Tuesday demanded that the new government should bring policy reforms for growth in the real estate sector and provide tax incentives to home buyers as well as developers to boost housing demand. The association also sought streamlining of getting approvals to develop projects.Reacting to the results of the Lok Sabha elections 2024, G Hari Babu, NAREDCO national president, said, “The real estate sector is at a crucial point, with great growth potential but significant challenges. To reach a market size of USD 1 trillion by 2030 and become a net-zero carbon industry by 2047, we need government support.” Addressing rising home loan EMIs, implementing key policy reforms, and introducing sustainability incentives are essential, he said.
