Inorbit Malls managing director and CEO Kishore Bhatija has sought 'industry status' to malls as this would help them raise capital to fund new projects and cope with challenges. Apart from this, any effort towards earmarking land exclusively for malls would help arrest the rise in land prices thereby aiding sustainable growth in the business. "We have been making representations to the Reserve Bank of India and commerce ministry on according the industry status. Also, we're approaching the respective states on the regulatory delays in the project approvals to avoid cost overruns," ..........
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