The real estate sector has been a major engine for growth in the last decade or so in the country. It has contributed to the infrastructure as well as created jobs. This is the time to look into Real Estate Sector's demand for Industry Status.
Paramount Group, says, “If the real estate sector gets the status of an industry it shall become entitled to various facilities such as easy/subsidies, loans, tax holidays, tax exemptions, tax rebate and various types of drawbacks which will not only boost up the pace of this sector but also will help in controlling the rising price of properties.”
The way in which real estate sector, in last 10 years, has provided to the country the infrastructure, revenue and the employment; it should surely be defined as an organized sector in the industry. Real estate has been looking towards to the Government and demanding for an industry status for quite a long time now, reality is primed for that.
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