A slew of measures like RERA, GST, Housing for All by 2022 mission and the push to affordable housing have all been unleashed by the Government of India. However, at this juncture, Indian Real Estate Inc. is almost expecting a relief package to be announced very soon!
Rahul Purohit, Principal Partner and Head – Real Estate, India at Square Yards shares his expert views on the expectations and developments in this regard.
The ongoing liquidity crunch is arguably the biggest problem plaguing developers at a time when housing demand is reviving slowly. Developers have been asking for the creation of a stress fund for the completion of stalled and pending projects.
The Centre will be shortly announcing solutions for stalled projects while extra liquidity assistance has already been given to housing finance companies by the National Housing Bank (NHB), in the form of allocations being scaled up to Rs 30,000 crore from Rs 20,000 crore.
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Published by: Financial Express
Date: 10 Sept 2019