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Budget 2012: Provide incentives for development of Tier 2 and Tier 3 cities, says DTZ
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February 12, 2012
10:52am
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NEW DELHI: The earlier policies like STPI had played a key role in stimulating the growth of commercial real estate across major cities like NCR, Mumbai, Bengaluru, etc.
However, with the withdrawal of STPI benefits and IT/ITeS SEZs largely concentrated across Tier 1 cities, the country lacks any key incentive policy for growth of Tier 2 and Tier 3 cities.
Suggestion:
The central government should consider providing incentive packages for commercial development of Tier 2 and Tier 3 cities.
Source: http://economictimes.indiatimes.com/markets/real-estate/news-/budget-2012-provide-incentives-for-development-of-tier-2-and-tier-3-cities-says-dtz/articleshow/11849461.cms
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