Mumbai Ka Manifesto: Developers seek cheap credit, more land & better sentiment

  • | Monday | 2nd September, 2019

The real estate industry for a very long time has been facing a slack period thanks to a slowdown that existed for years altogether. Developers across Mumbai Metropolitan Region hope for good sales and are of the opinion the government can help them with their policies to reinvigorate homebuying. Rajan Bandelkar, President of Naredco Maharashtra, said, "The biggest catalyst for the real estate industry is sales. The biggest problem that developers face now is that of availability of land and expect the government to free up some land parcels. Ashok Mohanani, Vice President of Naredco Maharashtra, said, "Real estate sector significantly contributes to India's GDP and is poised to contribute 13% by 2025.

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