Govt, stakeholders discuss ways to boost real estate sector

Union Housing and Urban Affairs Minister Hardeep Singh Puri convened a meeting Thursday with all stakeholders to discuss several measures, including an effective implementation of the RERA, to "revive" the real estate sector. The ministry sources said that in the meeting, a suggestion to create "stress assets fund" was discussed to complete the stalled projects of builders by providing last-mile funding to them. Builders suggested reduction in the Goods and Services Tax (GST) as part of boosting the real estate sector, they said. The meeting was initially scheduled to be chaired by Finance Minister Piyush Goyal at Rail Bhavan, but Puri presided over the meeting in his absence as Goyal had some work. (Text: PTI)