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Union Budget 2021: Realtors seek measures to ease liquidity, sustain demand uptick

Union Budget 2021: Realtors seek measures to ease liquidity, sustain demand uptick
Union Budget 2021: Realtors seek measures to ease liquidity, sustain demand uptick

Synopsis

Real estate developers’ body CREDAI has urged the Finance Ministry to consider proposals like one-time restructuring of loans, more funds like SWAMIH for the sector to help meet the target of last mile funding for stressed projects.

MUMBAI: Real estate sector, which is in the initial phase of recovery after witnessing the pandemic-led adversaries and challenges that existed even prior to that, are looking forward to the Union Budget 2021 for measures that would help sustain the demand uptick and ease liquidity pressure.The sector is awaiting steps that would ensure liquidity, access to funds and longer repayment cycles that would help augment supply and achieve the
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