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Realty sector issues to be resolved soon

Dated on: Monday 12th August 2019

The Finance Minister Nirmala Sitharaman met developers, members of RERA and the homebuyers to understand the issues weakening the sector. The issues that were addressed in the meeting included the creation of demand, ongoing liquidity issues, stalled projects, and homebuyer’s interest. The Government has met industry representatives to revive the economy. The Chairman of CREDAI suggested that the RERA should be given due recognition in the resolution of legacy issues, adding that if finance institutions also come under the ambit of RERA, there is a possibility of faster resolution.

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