With the court rejecting the plea and state government not giving any relief,developers who are forced to pay value added tax on the property sold after 2006 feel it will spoil relations with customers.
The real estate sector is disappointed. Confederation of Real Estate Developers' Associations of India president Lalitkumar Jain said,We,as an umbrella body of real estate in the country,feel disappointed by the unyielding measures taken by Finance Minister Pranab Mukherjee.
Lalitkumar Jain,chairman and managing director of Kumar Urban Development Limited (KUL) has been elected as the new president of the Confederation of Real Estate Developers Associations (CREDAI). Jain who was earlier on the Vice-President of CREDAI (West) has been associated with CREDAI ever since its inception. He was also the secretary and president of the […]