Letter to BS: Rs 25,000 crore realty corpus is a game changing move

Corpus announced by the government can help in the recovery of economy

Apropos your editorial, “Reviving housing” (November 8), the finance minister’s announcement of the Rs 25,000 crore package for the revival of the real estate industry is one of the best measures taken so far to arrest the downward slippage of the economy. The package, if implemented judiciously, has the potential to give a big boost to our doddering growth. The construction industry — with its multiple linkages across sectors like steel, cement, tiles, cables and electric goods including fans, pipes and sanitary ware, doors, windows and hardware, sheet glass etc — can have a far reaching effect on the economy.