The Minister of State for Housing and Urban Affairs, Hardeep Singh Puri tore into the real estate sector this week citing that the “biggest fall-outs affecting the long-term growth of the real estate sector came from project delays, diversion of funds by builders, one-sided builder-buyer agreements, unfulfilled promises and lack of finances”. The intermediate step between the above factors and the industry not doing well was the current state of crisis of confidence on the part of consumers, stemming possibly from the same factors that the minister alluded to. Members of the real estate industry can no longer sweep these reasons under the rug, since these have become big enough to threaten the viability of the sector itself, or at least a part of it.
6 equity mutual funds offer over 25% CAGR in five years
Read More
