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Indian realtors seek govt help in times of crisis

Posted on 30 October 2008

From Business-standard.com: The doyens of the country’s real estate sector — K P Singh of DLF and Ramesh Chandra of Unitech — recently met top UPA government functionaries to seek higher tax breaks on housing loans and easier lending by banks to the sector.

The meeting comes in the wake of these companies seeing a massive erosion in their market capitalisation. Singh and Chandra recently came together to call on a leading UPA minister and top Congress politician to sound him out about the travails of the real estate sector, which has seen realty prices falling and credit for builders disappearing. …. Full Article: Source


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