Scope of rationalising Rs 6,000-Rs 7,000 crore of total dues: CREDAI
Fri, Jun 2, 2023 3:22 PM

Scope of rationalising Rs 6,000-Rs 7,000 crore of total dues: CREDAI

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Many stuck real estate projects can be completed if the government rationalises the penal interests on developers’ pending dues, says the Chairman of the Confederation of Real Estate Developers Association of India-National (CREDAI-National). Manoj Gaur says there is a scope of reducing Rs 6,000 crore to Rs 7,000 crore of total dues and the developers will be able to pay the remaining amount.

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