With an aim to help people who are affected in the realty sector, Finance Minister Nirmala Sitharaman has said the government and Reserve Bank of India (RBI) are working to resolve the issues being faced by sector. She admitted that the realty sector has been left out of the booster measures announced earlier
Admitting that the so far announced measures have not helped revive the sentiment in the real estate, she said since August the government has been making various interventions to revive the market and consumption demand. Still there is a lot of work to be done and ‘one particular sector which I have not touched, but which has a lot of positive impact and also can effect an impact for the stock market, is the real estate sector.’
She said many funds are ready to invest but want more policy support. She added ‘there are many alternative funds which are now approaching us saying we would like to do something with you all so long as there is some supporting mechanism available for reviving the realty sector.’