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Real estate players seek more sops from govt to tide over Covid-19 crisis

Among other aspects, they are pushing to extend the definition of "affordable housing" to homes costing up to Rs 75 lakh as against a maximum of Rs 45 lakh right now

construction, realty, workers, jobs, employment, labour, real estate, concrete, cement, buildings, high rise, migrants
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A few days ago, Union minister Piyush Goyal had categorically told the industry to lower the prices in order to take care of the inventory levels. Reports from the ground suggest the industry is yet to pay heed to the nudge.

Press Trust of India Mumbai
Without heeding to the nudge from the government to cut prices to address the demand slump, real estate industry groupings on Tuesday sought more sops from the policymakers to help the battered sector.
Among other aspects, they are pushing to extend the definition of "affordable housing" to homes costing up to Rs 75 lakh as against a maximum of Rs 45 lakh right now, possibly with an eye on larger number of projects and buyers to enjoy already existingsops.
Despite interest rates being set by market forces, Credai-MCHI (Maharashtra Chamber of Housing Industry) wants a reduction in home loan rates to 5

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First Published: Jul 14 2020 | 10:17 PM IST

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