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Sitharaman signals next dose of reforms to target realty sector

The government’s next round of reforms is likely to be focused on real estate, with finance minister Nirmala Sitharaman saying that the prevailing slowdown in the sector needs to be addressed soon. The government is working closely with the RBI to address issues faced by the sector, Sitharaman said at an event organized at the National Stock Exchange on Tuesday. The real estate sector has failed to recover from the twin shocks of demonetization in November 2016 and GST in July the following year. Real estate projects worth ₹1.8 trillion are stalled across India, according to Anarock Property Consultants.

Read More at Livemint News date : 6 Nov 2019, Wednesday

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