Major Relief To Stressed Realty Sector On Anvil
Millennium Post Kolkata|August 28, 2019

The announcement is likely to happen this week

Major Relief To Stressed Realty Sector On Anvil

NEW DELHI: After a welter of measures announced by Finance Minister Nirmala Sitharaman last week to deal with the economic slowdown and then RBI surplus' transfer on Monday, the government will announce a relief package for the real estate sector, under which a stress fund could be set up to help complete unfinished projects. The announcement is expected this week.

Sources said liquidity problems and completion of stalled projects formed the core agenda of the meeting here on Sunday between Finance Minister Sitharaman and real estate players which discussed ways to create demand in the country's realty market.

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