NitiAayog's CEO asks developers to rapidly deliveryhomes

The government has been sympathetic towards the real estate sector by giving various incentives in the interim Budget and it is now time for them to deliver homes, NitiAayog CEO Amitabh Kant said Wednesday. Kant also asked builders to construct flats in 8-10 months to make projects viable as interest rates are very high in India. The NitiAayog CEO also favoured lowering of GST on under-construction properties. "This government has been over sympathetic towards CREDAI, so you better perform and deliver houses now," Kant said at an event organised by CREDAI, apex body of private real estate developers association. He also urged the members of CREDAI to squeeze time of construction of houses.