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.

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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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