“The Government’s announcement to primarily protect the livelihood of the citizens currently at an economic disadvantage is a step in the right direction. We particularly laud the utilization of the existing Rs 31,000 crore welfare fund for over 3.5 crore construction workers across India. However, there is an urgent need for the Government to follow a similar approach to combat the adverse implications of Covid – 19 on the Indian Real Estate industry. Given the sector’s macro-economic impact and contribution towards the country’s GDP, we urge the Finance Minister to announce a decisive plan of action to ensure that the best interests of Indian Realty, its stakeholders and the economy at large are safeguarded for the long term.”
You might also like
More from Real Estate
NoBroker.com adds $30 mn to its Series D from General Atlantic taking it to $80 mn
Mumbai, 20th April, 2020: NoBroker.com announced today that it has added USD $30 million to its Series D Funding taking it to $80 …
GajShield appoints 2 New Strategic Sub – Distributors for a deeper market penetration in South India
January 14, 2020: GajShield Infotech, a leading provider of network, cloud and data security solutions, today announces the appointment of …
Housing sales fell 30%; new launches decline 44% in Q3FY20: PropTiger report
New Delhi, 14th Jan 2020: New project launches in India’s nine key residential markets continued to show a decline, falling …
