Sunil Mantri, Chairman of leading real estate firm Mantri Realty and also president of NAREDCO wants the government should speedily implement single window clearance system and bring in more FDI to Indian realty sector for its urgent revival.
Other than that the government should rapidly implement National Housing Policy and adequately fund urban development which will give a great thrust to the property market in the country, a company spokesman quoting Mantri, said.
Indian economy expects fundamental changes in the coming years in view of a stable government. Certainly, the property sector is a major stakeholder in taking the growth phenomenally high, he said.
As the current urbanization level reaches around 30 per cent, a long road needs to be covered to reach the expected benchmark of 50 percent. With a cooperation of government, financial institutions and realty sector the goal seems to be achievable, the statement further stated.
Being one of the leading Real Estate Developers in Mumbai, the company is involved in various humanitarian and social activities. The team steers various projects of social welfare with a deep empathy and sympathy towards underprivileged people.
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