Real estate firms are not satisfied with the financial package announced by government to speed up economic growth. Terming it as 'disappointing', the realtors said that reality sector is under huge pressure due to costly credit and low demand following global financial crisis. However, they welcomed the duty cut on steel and cement as it would decrease construction cost and hence increase demand. The real estate companies demanded more measures to provide easy finance for housing.
 
Omaxe CMD and chairman of NAREDCO, Rohtas Goel termed the government's package insufficient and said that government should announce special tax incentives for cheap housing. He also demanded more measures to ease norms related to ECB. Parsvnath developer's chairman, Pradeep Jain said that realtors are waiting for the package to be announced by public sector banks for easy home loans. He wanted government to extend package for borrowing up to Rs 30 lakh.
 
Unitech MD, Sanjay Chandra said that the government's and RBI's steps would improve credit flow to the realty sector and push demand. Developers are already focusing affordable homes and incentives for small ticket home loans would revive demand in reality segment.

DLF Group Executive Director Rajeev Talwar and Realty consultant Cushman & Wakefield Executive Managing Director (South Asia) Sanjay Verma said that the steps would increase demand but still more measures are needed for real estate sector.