Business Today

Too Little Too Late

The government has tried to apply balm on realty sector's wounds with sops ahead of the 2019 general elections. But that may not be enough.

There has been a spate in the number of suicides by builders and developers as the real estate sector is reeling under its worst slowdown since 2008. The ongoing liquidity crunch following the crisis in the non banking finance company (NBFC) sector, combined with high levels of unsold inventory has made the going even tougher for developers.

The Narendra Modi government has tried to apply balm on the wounds through sops in the interim Budget ahead of the 2019 general elections. But it is unlikely that the measures will help heal the sector anytime soon.

"There is a severe liquidity crisis and they have not addressed it at all. The liquidity crisis

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today2 min read
Gender Bender
THE BANKING INDUSTRY may be one of the largest employers of women in India, but its close cousin, the NBFC sector, where most roles are in frontline sales and collection, is a different story. For a well diversified NBFC focussed on semi-urban and ru
Business Today5 min readIntelligence (AI) & Semantics
Leapfrogging Into The Future
A ARTIFICIAL INTELLIGENCE (AI) is all set to fast-forward India’s digital economy, enhancing governance, social inclusion and push for an exponential multi-sectoral growth that includes data-driven intelligence and insights. Within the realm of AI, G
Business Today3 min read
SSV Capital PLC-Building a Better Tomorrow
SSV Capital PLC, headquartered in London's financial hub, Canary Wharf, holds a belief that creating wealth goes beyond mere profit generation for a singular entity. They advocate for an ethical approach, sustainability, and a positive impact on the

Related