Buoyed by multiple reform measures undertaken by the government for the realty space, experts feel such steps will help in reviving the sector and generating more employment opportunities. At the same time, some of them also expressed concerns over liquidity situation and said that subdued demand may keep performance of residential realty projects muted.
Buoyed by multiple reform measures undertaken by the government for the realty space, experts feel such steps will help in reviving the sector and generating more employment opportunities. At the same time, some of them also expressed concerns over liquidity situation and said that subdued demand may keep the performance of residential realty projects muted.
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“There was a recent government announcement of Rs 25,000 crore special window to provide funding to stalled housing projects to revive the sector and also to help in terms of incremental jobs, that is, employment generation, revival of demand for logistics, cement, iron and steel industries and many other adjacent industries, Sudeep Sen – head of industrial, manufacturing and engineering vertical, Teamlease ServicesTeamLease Services – told PTI.
These measures, he said, will attribute a growth of 11 to 12 per cent in the sector in the next 6 to 8 months. Funds will now be used to provide priority debt financing for the completion of incomplete or stalled housing projects in the affordable and middle-income housing sector, Sen said.
Source: India TV
