According to the Confederation of Real Estate Developers’ Association of India (CREDAI), it is essential for the government to introduce new reforms to revive the real estate industry of India. They should also make sure that the new reforms are implemented promptly for the expected outcome.The Chairman of CREDAI said it is crucial to implement the reforms swiftly in this New Year or else there are possibilities of setback in real estate sector. He further added that drastic rise in steel and cement prices is also a major concern and the Center should make some initiative to cut down the rates.Despite of the decrease in the consumption of these commodities, a radical price rise can be witnessed.Like the power regulators monitor duty, the government needs to control the cement and steel prices to bring stability in real estate market.In last three years, the price of major inputs for construction which includes cement, bricks, steel rods and other such materials have went up by 30 per cent.The CREDAI Chairman also focused on the fact that apart from the input cost, the high lending rates offered by banks have also affected the real estate sector. Since the new government looks more positive and shows hopes, CREDAI expects that banking reforms and land administrative tax will be implemented without delaying further.CREDAI Chairman has also called for government’s involvement to aid low-cost financial support for homebuyers as well as developers.займ на карту без отказов круглосуточновзять кредит онлайн