Business Today

Too Little Too Late

The government has tried to apply balm on realty sector's wounds with sops ahead of the 2019 general elections. But that may not be enough.

There has been a spate in the number of suicides by builders and developers as the real estate sector is reeling under its worst slowdown since 2008. The ongoing liquidity crunch following the crisis in the non banking finance company (NBFC) sector, combined with high levels of unsold inventory has made the going even tougher for developers.

The Narendra Modi government has tried to apply balm on the wounds through sops in the interim Budget ahead of the 2019 general elections. But it is unlikely that the measures will help heal the sector anytime soon.

"There is a severe liquidity crisis and they have not addressed it at all. The liquidity crisis

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