CREDAI chairman Jacques Shah said the developers were waiting for the opportunity and would invest in residential and commercial projects in the state. He said that there is a possibility of development of golf courses, hotels and other facilities for tourism.
India’s real estate players will invest in Jammu and Kashmir and Ladakh after Article 370 was removed, the developer association has expressed confidence. Credai chairman Jacques Shah told the Times of India that he was looking forward to the occasion and would invest in residential and commercial projects in the state. He said that apart from this, there is a possibility of developing golf courses, hotels and other facilities for tourism without damaging the environment. CREDAI chairman Jacques Shah said the developers were waiting for the opportunity and would invest in residential and commercial projects in the state. He said that there is a possibility of development of golf courses, hotels and other facilities for tourism.
CREDAI has an annual meeting in Tel Aviv, Israel. The CREDAI chairman expressed happiness that despite the slowdown in real estate, a large number of developers have remained intact. He said that this shows the perseverance of the developers.
After this, while addressing a press conference, CREDAI President Satish Magar demanded that the interest rates on home loans be reduced to 7.5%. CREDAI Secretary Pankaj Goyal stressed the need to increase liquidity in the system. CREDAI sought to solve the problem of multiple forums. Goyal said that RERA should be made the main agency for regulation and any other forums such as NCLT, NCDRC and SFIO should go on RERA’s instructions.
Shah demanded the removal of upper limit of Rs 45 lakh in affordable housing as it is becoming a problem for people in big cities like NCR, Mumbai and Bengaluru to take advantage of the government scheme.
