Former Union Minister and BJP MP Suresh Prabhu said that real Estate is the only sector which can link manufacturing & services, and has the potential to provide huge job opportunities.
Addressing the inaugural session at ASSOCHAM National Summit – Real Estate India held in New Delhi today, Mr Prabhu said the real estate sector has the ability to link villages to urban areas thereby creating opportunities and jobs which is an important preoccupation for the present economy.
While appreciating the National Rental Housing Policy announced in the Budget, Niranjan Hiranandani, Senior Vice President of Assocham, pointed out the need for stress fund and guarantee procedure for positive projects.
Pinaki Misra, Member of Parliament, emphasised on solving of legacy issues in the sector like simplification of basic documents, digitisation of land records, 3 year tax holiday in order to pick up good market sentiment.
The event had key panel discussions by industry experts, promoters and several stakeholders on issues of ease of doing business for real estate sector, RERA, investment opportunities and growth strategies, Finance and Insolvency and Bankruptcy code for the sector.