Wednesday, January 27, 2010

Padma Bhushan Kushal Pal Singh aka KP Singh, Chairman, DLF Limited, says:

"Real estate sector will witness consolidation and some players (fly-by-night-operators) may go down under as part of a normal business cycle."
"There is a need for massive reforms in the real estate sector and change the archaic law that prevents growth."
"Reform will also prevent the mushrooming of entry of unauthorized and unscrupulous developers. Currently 60% of development in India is through unauthorized."
"The government needs to bring in changes in its thinking process, - it's socialistic approach. India should ‘think big and create surplus’ as against the current mindset of ‘think small and manage shortage’".
To read more, please, visit The Economic Times

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