Measures for real estate are good, but may not help boost demand: Experts

Besides this special window, interest rate on housing building advance is proposed to be lowered and linked to the 10-year G-sec yields

Most experts have given a thumbs-up to the measures announced by Finance Minister Nirmala Sitharaman for the housing sector, but caution that the proposals do not adequately address issues of the sector in terms of continued slow sales and low demand.

On Saturday, Finance Minister Sitharaman announced a special provision of Rs 10,000 crore as a last-mile funding for completion of ongoing housing projects that are not classified as non-performing assets (NPAs) or are facing bankruptcy proceedings under NCLT.

As per the proposal, the government will contribute Rs 10,000 crore for the special window and nearly the same amount is