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Real estate stakeholders disappointed by Budget 2020

The industry was hoping that the government will come up with measures to boost housing demand.

Thane and Hyderabad saw 16 per cent fall at 11,933 units and 4,643 units.

Real estate industry has been facing serious challenges related to the liquidity crunch, which needs bold fiscal measures.

The sector is currently in the midst of challenging times owing to a variety of economic factors.

Earlier this month the government approved a 100 billion Indian rupee fund to help clear unfinished building projects.

As per the Insolvency and Bankruptcy Board of India, a total 115 insolvency cases have been filed as of September 2019.

The government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects.

The sales of these nine listed entities are expected to grow in the remaining period of this fiscal.

The real estate sector in India has been hit by a severe liquidity crunch this year after a series of debt defaults by NBFC.