NEW DELHI, May 15 -- The second tranche of India's economic stimulus were measures and relief announced for migrant workers, street vendors, and small farmers.
Extension of the Credit-Linked Subsidy Scheme (CLSS) till March 2021 as also a rental housing scheme for urban poor and migrant labor in cities under PMAY were the takeaways for real estate on Day 2 of the announcements that throws light on the stimulus package. The extension of CLSS should see demand for another 2.5 lakh affordable homes, which should create demand for construction material as also provides jobs. The rental housing scheme under PMAY offers a business opportunity to the private sector, to build more rental housing stock through the PPP mode, with a concessionaire ar...