APN News

  • Monday, August, 2019| Today's Market | Current Time: 06:50:37
  • With RERA and GST, the realty sector is showing signs of revival: Venkaiah Naidu

    Published on February 14, 2019

    Vice President Venkaiah Naidu has said, a transparent and predictable regulatory regime is essential to strengthen the real estate market.

    Addressing the 3rd YouthCon of the CREDAI and young entrepreneurs in the real estate sector, in New Delhi today, the Vice President said, with measures like RERA and GST the realty sector is showing signs of revival.

    He said, the sector is an important part of the economy and cannot be allowed to fail.

    Saying that the sector contributes 7.9 per cent to the GDP of the country, the Vice President said, is the second largest job provider in the economy after agriculture, the entire country has stakes in the real estate sector.

    He asked the young entrepreneurs in the real estate to provide technological solutions to remove the unlawful practice of manual scavenging, manual sewer cleaning. He said these practices are a blot and disgrace to any civilized society and must be removed immediately.