Reforms that could help Real Estate recover from current slump | Financial Express
A combination of these reforms, if implemented, will put the real estate sector on a fast track which the sector has not seen for a long time now.
The real estate sector is one of the highest generators of employment and contributes greatly to the economy of India. However, it has faced tremendous hardships due to various factors and has suffered over the last few years. Currently, the foreign direct investments in the real estate sector are showing steady growth specially focusing on commercial real estate and there are green shoots showing in the residential sector as well.
The Government of India and some of the State Governments did take some measures to help the real estate sector by giving certain concessions. The Government of India came heavily on the financial institutions due to various malpractices in the process of funding for projects, combined with the growing credit risk among developers and has seen financial institutions pulling the plug on the real estate lending. Developers now have nowhere to turn for finance and are in a dire straits.
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Reforms that could help real estate recover from current slump – The Financial Express
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