Wednesday, February 24, 2016

Real Estate Sector Need Encouragement for Faster GDP Growth in Short Run

1. I propose a scheme to develop 546 District Secretariat at Dist. HQ to accommodate all district Offices of State/Central Government to bring synergy and easier coordination.

2. District Secretariat could be planned for 1 Lakh Sq. Ft each in respective 546 Districts in the country.

3. Land could be provided by the State Government Free of Cost; and Private Real Estate Players could be selected on E-Tender on BoT basis with Lucrative EMI Options to be payed by Central & State Govt on a ratio of 75:25. Further, offer could be made attractive enough with arrangement with Banks by secularization of receivables/soft loans.

4.Government of India could make this announcement along with this years buget speech or separately for boosting the Capital Market with inflow of FII & FDI.

5. With Activity in Real Estate Sector other sectors like Manufacturing and Services could be attract Investment and Growth.

Hope Niti Aayog Consider this proposal on its Merit and advise the Goverment in a suitable manner.


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