Real estate gets stepmotherly treatment in Budget 2020

Experts feel government ignored u2018quick fixesu2019 that could have helped the industry, currently affected by economic slowdown

VINOD KUMAR MENON vinodm@ mid- day. com REAL estate players were left disappointed with this yearu2019s Union Budget, as no short term benefits seemed to be in sight for the industry.

u201c Our statistics have shown that nearly 13 lakh housing stock remains unsold in the country, of which 7 lakh fall under the affordable housing category. In the Mumbai Metropolitan Region alone, a total of 2.83 lakh stock, which includes one lakh affordable homes, remains unsold,u201d explained Kapoor.

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