The announcements made by Finance Minister Nirmala Sitharaman will help spur further growth in the real estate sector given that we are already in a low interest and easy liquidity regime. By KRISH RAVESHIA

The real estate sector in India is a torchbearer for the economy, contributing 6-7 per cent to GDP and is the second-largest employment generator after agriculture.

Secretary, Ministry of Housing and Urban Affairs, (MoHUA), Durga Shankar Mishra has said that the real estate sector was one of the most important sectors of the economy and the government is keen on infrastructure investment as it helps in the revival of the economy.

The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, on Thursday, reviewed the performance of Special Window for Affordable and Mid Income Housing (SWAMIH) with ministry officials and senior management team of the State Bank of India, SBI Capital Markets Ltd and SBICAPS Ventures Limited (SVL).

Due to the realignments happening across industries because of the COVID-19 pandemic, the real estate sector in India also needs to rebuild, reinvent and reimagine its future. By PRASHANT THAKUR.

Anuj Puri, Chairman, ANAROCK Property Consultants said, “Reverse migration is already very visible among migrant labourers, and this trend can further percolate to skilled professionals who have been or may be off-rostered.

Nearly $1.4 trillion investment is needed for infrastructure development in India. The revival and strong performance of the infra sector is key to achieve the ambitious target of $5 trillion economy set by Prime Minister Modi for 2025. By MANJU YAGNIK

In his fifth public address ever since the country’s announced the world’s largest lockdown to contain the COVID-19 pandemic on March 24, Prime Minister Modi gave a clarion call for a ‘Self-Reliant India’ as well as outlined five pillars of the economy, infrastructure, system, demography and demand on which this would be based.

Union Minister of State (Independent Charge), Ministry of Housing and Urban Affairs (MoHUA), Hardeep Singh Puri has assured the real estate sector that the government would favourably consider its demand to treat the situation arising out of the nationwide lockdown as an event of force majeure under provisions of the Real Estate (Regulation and Development) Act (RERA), 2016.