CREDAI National spokesperson basis the announcement made by Finance Minister Nirmala Sitharaman

The Declaration of COVID-19 as Force Majure, extension of time lines for completion of  project under the RERA, are crucial announcements for the developer community. We are hopeful that the Finance Minister  will soon announce other necessary measures by infusion of liquidity, de-cartelization of cement prices,  restoration of supply chain to ease  construction on the project sites  and help uplift the demand by   giving more sops to homebuyers by increasing the tax deduction  limits for interest on home loans, thus help the sector regain momentum which remains the second largest employer.