Business Standard

Under-construction sector needs help

Most steps taken by the government till now, notably the Goods and Services Tax and Real Estate Regulation Act (Rera) - have only dampened the progress of the real estate sector

Uncertainty looms over Chinese realtors' India plans
Premium

Harsh Roongta
One of the major failures of this government, as pointed out repeatedly by opposition parties, is the inability to generate adequate employment opportunities for the one million workers added to the workforce every month. Therefore, it is a surprise that the government hasn’t considered giving more fillip to the residential construction industry due to its potential to create employment for unskilled and semi-skilled labour.

In fact, most steps taken by the government till now, notably the Goods and Services Tax and Real Estate Regulation Act (Rera) – have only dampened the progress of the real estate sector. Rera’s haphazard implementation

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