The cost of land would shoot up to that extent it would add to the project cost both for the industry and for the developers, says Ajit Mittal, ED of Indiabulls Group.
Ajit Mittal, Executive Director, Indiabulls Group in an interview to CNBC-TV18 spoke on the impact of RBI measures to protect rupee on growth and the currency.
Though a broad consensus was reached on Land Acquisition Bill last week, Ajit Mittal, Director of Indiabulls believes implementation of the act may face hurdles.
After the Reserve Bank announced the final guidelines for issuing of new banking licences, Indiabulls Group, ED, Ajit Mittal, told CNBC-TV18 that on the whole this is going to go a long way in promoting the cause of financial inclusion and overall deepening of the financial sector.
Indiabulls Real Estate started business in 2005 and is targeting cumulative sales of USD 5 billion by 2015. More than 90 of its projects are in Mumbai, the national capital region and Chennai but does the company have aspirations to become a pan India player?