KOAPA to Launch a Real Estate Policy

April 30, 2007	(Be the first to rate this story!)  Loading ...
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The Real Estate Expo of the Karnataka Ownership Apartments Promoters Association (KOAPA), organized at the Grand Ashok had received exceptional interest from the potential investors.  This two-day show, with over 30 property developers and promoters, gave the investors a never before opportunity to view exclusive property projects in Karnataka.

Sponsored by LIC Housing Finance and co-sponsored by ICICI Home Loans, the exhibition was officially inaugurated by S.K. Mitter, Director and Chief Executive of LIC Housing Finance Limited.

The state requires meeting up the demand for 30 million dwelling units to cater to increasing populace and their growing interests to have quality accommodation. And, when the property market is expanding, competition to stay ahead is obvious, said Mr. Mitter.

Shankara Raju, Regional Manager of LIC Housing Finance shed light on the loans scenario. He also talked about the availability of the best competitive rates with LIC. The company helps the customers to minimize their legal legwork and cut down on their processing fee, Raju adds.

Balakrishna Hegde, President of KOAPA, suggests cutting on taxes and duties to make houses reasonable for common man. Paying one-third of property costs in the form of taxes is of no use, says Hedge.

KOAPA is soon coming forward with a draft of its real estate policy where it could help the Government to take up some issues. Also, the citizens are required to have full knowledge about their rights and duties to voice their protests effectively.

News Published Under:   Real Estate India |

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