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Blog / 07 Nov 2019

(Video) Rajya Sabha TV (RSTV) The Big Picture: Reviving Real Estate

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(Video) Rajya Sabha TV (RSTV) The Big Picture: Reviving Real Estate

Topic: Reviving Real Estate

Guest:

  • R. R. Singh, (Director General, National Real Estate Development Council)
  • Subhomoy Bhattacharjee, (Consulting Editor, The Business Standard)
  • Sudhir Krishna, (Former Secretary, Ministry of Urban Development, GoI)

Topic Description:

Finance Minister Nirmala Sitharaman has indicated that the next round of reforms is likely to be focussed on the Real Estate sector. Piling inventory, funding issues for developers and stagnant or drop in property prices are some of the key problems faced by this sector. As of 30th June this year, 421 real estate developers are under the corporate insolvency resolution process. Finance Minister has said that the govt is working closely with the Reserve Bank of India to address the issues faced by the real estate sector.

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Courtesy: RSTV