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Tagged: GD, real estate
The real-estate sector is undergoing tremendous correction in prices. There are lots of unsold properties throughout the country. In such a scenario, what are the steps that the government can take in order to boost the sector ?
1. Tax Breaks are definitely needed
2. There should be price ceiling
3. The RERA guidelines should be implemented in a more strict manner to ensure artificial price rise.
I personally feel RERA should be scrapped. This is the main reason why real estate is suffering. Another reason which has played a part is demonetization.