Pune realtors have high hopes from PM Narendra Modi

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Pune – BJP led NDA has secured massive victory in LOKSABHA -2019 elections. As the new Government takes the center stage, Pune Realtors have put forwarded their expectations which they have from new govt.

Rajiv Parikh- President, CREDAI Maharashtra, said, “As a realtor fraternity, our first and foremost demand is to create a conducive environment for ease of doing business in real estate industry. Also, the issues regarding Environmental clearance Aviation, town planning, NA permission, mutations entiries should be made easier. It is been our long term demand to make projects sanction online and speed up the process as this is the key area which inflates the home prices.”

He further added, “We also expect that new govt will look into reforms of the tax structures. The realtors engaged in fulfilling the ambitious “Housing for All” scheme through affordable housing should get more incentives. The micro finance for lower and middle income group housing sector should also be looked upon and improved. The Govt. should encourage introduction of new technology in construction for speedy, economic, hassle free construction procedures by using less manpower.”

The most important need of common man for basic infrastructure like good roads, drainage, water supply, connectivity by air and rail of cities needs priority.

Atul Goel- Managing Director- Goel Ganga Developers Pvt Ltd, added, “The landslide victory will generate a lot of confidence and create positivity in the market. But at the same time, the new government has to uplift the market by making sure the availability of funds, which would be very crucial. The Government has been good  with the policies but employment needs to be created through private industry. By the year 2020 we can expect a big boom in market.”

Shantilal Kataria – Vice President CREDAI India, said, “The benefit of stable Govt. along with continuous double term will be seen positively on real estate sector. The Modi Govt took good decisions for home buyers in last 3/4 years & now also we are expecting (even middle class buyers also)  the same, all this will result into a good turn over in coming months in real estate market. Stability is very important factor in any business particularly in property market for both developers & buyers for boosting market & taking fast decisions. Investors also now renter in property market after waiting for long time. This situation seems to be beneficial to all 3- the developers, the buyers & the investors. Even the new govt is serious in prioritizing infrastructure projects & hence new Mumbai airport & Metro, particularly in Maharashtra will be geared on top along with all other projects in India. This also will benefit the property market to the large extent very positively.  We at CREDAI India has already given our presentation to PMO about our expectations from new Govt.”