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National: Housing policy improvement required in India

According to the Confederation of Real Estate Developers Association of India (CREDAI) housing policy of India should be improved for real estate development in the country.

 

President of CREDAI said that strong housing policy will play a vital role in real estate and infrastructural growth of the country, which can be possible only when housing policy in India is reformed. According to him it will also help in making India’s economy strong with improvement of other related industries.

 

As per CREDAI real estate forms an important part of Indian economy. After agriculture real estate is the second largest employer, which is expected to grow by almost 30% over the next decade. Housing sector’s contribution to our GDP is 5-6%. Growth of commercial real estate and retail is also playing a vital role in country’s growth by catering to infrastructural requirements.

 

 

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