‘FM fails realtors’

Finance minister P Chidambaram has failed to meet the expectations of realtors as they had expected that the real estate sector would be put along with infrastructure development, enabling them to get financial support from banks. The entire investment in real estate sector comes from Non-Banking Finance Companies (NBFC) and individual investors on high interest or dividend. Had he put real estate in the category of infrastructure development, we would have been able to get loans from banks on easy conditions and less interest.

Manoj Kumar Dubey, Director, Altis Infra Pvt. Ltd