’Assocham’ hails Real Estate Bill clearance in Rajya Sabha

’Assocham’ hails Real Estate Bill clearance in Rajya Sabha

Mangalore Today News Network

Mangaluru, March 11, 2016 : Apex industry body ASSOCHAM has hailed the passage of the long-pending Real Estate (Regulation and Development) Bill in Rajya Sabha which will lead to development of urban infrastructure, help realise the Prime Minister Narendra Modi’s vision of ’Housing for every Indian by 2022’ and play a pivotal role in structural transformation of India’s economy.

"Apart from resolving key issues that are hampering the growth of the real estate sector, this bill will lead to institutional reforms in land acquisition, approval processes and taxation that are much needed to expedite development of affordable housing," said Sunil Kanoria, president of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).