FM & NAREDCO Assess Realty Sector’s Problems
Finance Minister Nirmala Sitharaman held discussions with the senior representatives of realtors’ body NAREDCO regarding problems faced by the real estate industry during the current coronavirus pandemic. Maharashtra’s former Chief Minister Devendra Fadnavis was also present in the closed-door meeting held through video conferencing. NAREDCO chairman Rajeev Talwar, its President Niranjan Hirnandani and Vice Chairman Parveen Jain were present in the conference. NAREDCO UP President R K Arora also participated. The association sought relief from the government to tide over this crisis. NAREDCO members demanded one-time debt restructuring for the industry, last-mile funding for the stuck projects and lowering of interest rates on home loans to boost housing demand.
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