Goyal Assures Realtors of Easy Financing, Faster Approvals
Union Commerce and Industry Minister Piyush Goyal promises to take up financing issues of realtors with RBI, assures faster approvals for projects
Piyush GoyalReraReal EstateCredaiRbiReal Estate NewsSep 24, 2024
The minister also assured that he would talk to state governments and urban local bodies for faster approvals for real estate projects, provided the builders pledge to do business in a transparent manner with zero corruption.
Addressing a conference organised by reactors' apex body CREDAI, Goyal highlighted that the new realty law RERA has brought transparency and certainty in the real estate sector.
Clearly, your (real estate) sector is doing wonderful work and contributing immensely, whether it is to job creation, whether it is to building the needs of the nation..., contributing to taxes and the national GDP.
Frequently Asked Questions
What is RERA?
RERA is the Real Estate (Regulation and Development) Act, 2016, which aims to bring transparency and accountability in the real estate sector.
What is CREDAI?
CREDAI is the Confederation of Real Estate Developers' Associations of India, the apex body of real estate developers in India.
What is the issue faced by real estate developers in India?
Real estate developers in India are facing issues such as lack of easy financing, complex building bye-laws, and high cost of land.
What is the government's stand on the real estate sector?
The government is committed to supporting the real estate sector and has introduced policies such as RERA to bring transparency and accountability in the sector.
What is the significance of CREDAI NATCON?
CREDAI NATCON is the flagship event of CREDAI, which brings together builders, developers, and policymakers to discuss issues and opportunities in the real estate sector.
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