Investors will shun 'investor unfriendly’ Mumbai and flock to Gujarat: CREDAI
Oct 12, 2012
Source : The Economic Times

 

Raising alarm over Mumbai and Maharashtra becoming increasingly "investor unfriendly", developers apex body CREDAI has said the state government's policies will end up being its gift to Gujarat's upcoming Gift City.
 
CREDAI national president Lalit Kumar Jain, who is also a leading developer in Mumbai and Pune, criticised the series of policies by the state government culminating in the recent proposal to hike land lease rates and said these do not encourage investors at all. "Gone are the days when investors from within the State and outside would plan increased involvement here. Now for quite some time, investors are looking outside Maharashtra," he said.

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