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Real Estate sector should survive on market economy and not on subsidies Jaitley Easy availability of land crucial for realising the dream of affordable housing

Dated:- 31-10-2015 - Union Finance Minister Arun Jaitley today said that the real estate sector has huge potential for growth and hoped that the period of slow down would end soon. Delivering the key-note address at the CREDAI-BANKCON 2015 on Role of Banking and Finance in Real Estate Development in Mumbai, Mr Jaitley said the sector will be the next big mover as far as the Indian economy is concerned, but added that the industry must survive on market economy and subsidies should not be the ess .....

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wnships, sub-urban townships and smart cities to lead the economic development of India. About the taxation proposals made by CREDAI, the Finance Minister suggested the Real Estate body to make a presentation before the newly appointed committee reviewing the Income Tax Act. The Finance Minister said the inflation had been brought under control and the Reserve Bank had also reduced interest rates four times this year, and these measures would impact the real estate sector positively. The Ministe .....

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