Finance Minister Nirmala Sitharaman has said both the RBI and the Centre are working on addressing issues faced by the real estate sector. She hinted the Centre could tweak the existing norms to help people affected by the realty sector.
“The government is very keen and is working very clearly together with the RBI to see how best we can, where necessary, tweak the existing norms to help the people who are affected in the realty sector,” she said at an NSE event on Monday.
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The FM also admitted that a series of measures announced by the Modi government to revive the economy had not particularly helped in improving the sentiments around the real estate sector. “One particular sector which I have not touched, but which has a lot of positive impact and also can affect an impact for the stock market, is the real estate sector,” the FM said. She indicated that several alternative funds were seeing this as an opportunity provided the government assured a supporting mechanism.
Source: Business Today
