Tuesday, June 14, 2016

FBCCI and Realtors on Budget

FBCCI ashamed of ever complicated budget
The FBCCI have expressed their disappointment and frustration regarding the policies in the new budget. Their focus was on the way the budget left out 394 out 447 recommendations made by them, approving a mere 11%. The result anticipates that realtors are will refrain from future pre-budget meetings.

The real estate sector accounts for 15% of the nation's GDP, employing over 35 lakh people, but it has been facing a downturn in business since 2013. Dropping sales and projects have made business investments difficult. For a turnaround, the realtors proposed some policy formulations in their favor, many of which went unheeded. Read more in the link below.
Realtors frustrated by new budget

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