Government Steps for Real Estate Sector Will Have Long Term Positive Impact: Siddharth Mohanty, LIC Housing Finance
Indian government has announced positive measures for real estate sector with allocation of Rs 25,000 crore and this step will help residential projects.
Views about Finance Minister's latest announcement by Siddharth Mohanty, MD & CEO, LIC Housing Finance, "The government's move to allocate Rs. 25,000 cr to stuck residential projects is a masterstroke to address home buyers issues relating to project deliveries and stressed developers funding issues that were stalling the completion of projects. Real estate sector which witnessed challenges in recent times will get major boost through this special window."
This relief package will definitely ease the situation. Also this move will benefit lakhs of homebuyers. It's a big positive for developers and real estate sector.