Diwali 2019: Top 5 boosters for sales of flats, residential units ahead of the festive season
Diwali 2019: Ahead of the big festival, a slew of measures have been taken by the Government of India in order to boost the housing real estate sector.
Diwali 2019: As a run-up to the festival season in India, a slew of measures have been taken by the Government of India in order to boost the housing real estate sector. From making welcome moves in the real estate budget like creating additional deduction of 1.5 lakh for interest paid on home loans, to infusion of liquidity to housing finance companies from Rs 10,000 crore to Rs 30,000 crore; these measures can boost up the real estate market in the right direction.
Speaking on the recent government announcements that can boost the real estate sector; Honeyy Katiyal, Founder at Investors Clinic said, "Major announcements like National Housing Bank releasing Rs 20,000 crore additional liquidity to HFCs; Rs 70,000 for the recapitalization of banks etc. can boost the Indian economy in the right direction. Though housing is on a slowdown mode; once the liquidity is injected into the system; the market scenario is bound to improve. The reforms coming right before the festival season will likely be a boon to the sector, creating opportunities for both buyers and sellers in housing real estate."
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