With reference to various announcements made by Finance Minister Nirmala Sitharaman, please find below comment from Mr. Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani.

Housing has always been a critical component of any economy. Government’s efforts to trigger pace and activity in the sector through a Rs 70000 crore stimulus package is commendable. Extension of the Credit Linked Subsidy Scheme will encourage more demand and aid in clearing unsold inventory. The announcement to build rental housing complexes via public-private partnership will stimulate demand for raw materials, generate employment and thus provide a thrust to affordable housing . Overall today’s announcement will certainly alleviate stress to a certain extent from the sector. The sector is hopeful for a liquidity push which has been a prime concern for the sector.