Mumbai, April 9 -- Real estate industry body NAREDCO has requested the Centre for $200 billion relief for the entire economy to meet the impact of the Covid-19 outbreak.
NAREDCO said that real estate has been under consistent stress since the last few years and that market dynamics have changed rapidly which has resulted in rising unsold inventories in the country.
"The Covid-19 pandemic has paused the real estate sector while disrupting the businesses across the nation. While the RBI and the Finance Minister have taken several measures to ease the load on consumers' shoulder, real estate collectively grapples with the impact of the pandemic," NAREDCO said in a statement.
According to the real estate industry body, in order to keep up wi...