For the last three-four years, the real estate sector has been in the grip of a huge recession. There was a time when the property market in Cyber City was on the full boom. Presently there is silence here. For a long time, the special concession has been demanded by builders and property businessmen from the central government. Real estate representatives held talks with Union Finance Minister Nirmala Sitharaman on Sunday. The businessmen of this region say that the positive trend that has come from the central government in this meeting, it seems that once again the beauty will return here.
Representatives of the Confederation of Real Estate Developers’ Association of India (CREDAI) and the National Real Estate Development Council (NAREDCO) attended the meeting with the Union Finance Minister. Real estate businessman Sarvajit Kapoor says that for the first time it has felt that the central government has taken care of this sector. They say that the matter is even heard that the government can set up a special fund to give real estate concession.
Explain that the demand situation in the real estate sector is very weak. This is why there is a capital crisis here. If the government gets encouragement then the enthusiasm will definitely return. Gurugram is a major hub of real estate. There is hardly any big builder whose project is not here. The situation has deteriorated ever since the region has suffered a downturn. At the same time, the business of property dealers was badly affected. Now everyone is seeing new hope from the new attitude of the central government. Currently, the real estate sector is not in good condition. After the meeting of real estate representatives with the Union Finance Minister, it is expected that the enthusiasm will return here once again. It is also necessary to increase the enthusiasm of this region to give a home to all by 2022. If this happens, the goal can be achieved.