Tuesday, February 23, 2010

A single uniform stamp duty rate would be recommended

Confer industry status

The Indian real estate sector plays a significant role in the country's economy and is second only to agriculture in terms of employment generation, and contributes heavily towards GDP, reminds David Jones, Partner, Assurance, Walker, Chandiok & Co, New Delhi ( www.wcgt.in). Giving, therefore, an impetus to the sector is critical to the overall growth of the economy, argues Jones, during the course of a recent pre-Budget email interaction with Business Line.

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