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14 Sep 2019

Modi government made big announcement for real estate sector

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Finance Minister Nirmala Sitharaman of Modi government held a press conference today. Finance Minister Nirmala Sitharaman said that the Modi government has taken major steps to further improve the economy of the country. 

The government has announced a fund of 10 thousand crores to lift the real estate sector from recession. She has further said that now all notices are being implemented through the system. Now small litigation is not being sued for defaulting. The default of up to 25 lakhs will require the approval of 2 big officers. She added that there are signs of revival of the industry in April-June.

Finance Minister Nirmala Sitharaman also said in the press conference

MEIS will be brought in textile.

MEIS New Scheme in Goods and Service.

Export e-refund applicable till the end of this month.

4 big shopping festivals in March next year.

Assessment scheme will be started in Dussehra.

Export finance will work under the supervision of the Inter-Ministerial Group.

A big announcement by the government about the real estate sector to overcome the slowdown.

Government announces Rs 10,000 crore fund for real estate sector.

ECB guidelines will be easy on affordable housing.

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