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Real Estate Ancillary Industries Counting On ‘Stress Fund’ For Revival
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Real Estate Ancillary Industries Counting On ‘Stress Fund’ For Revival
Publish on : 2019-12-05 12:34:34
New Delhi: Real Estate Ancillary Industriesnse -0.66 % Such As Elevator, Tile And Pipe Manufacturers Are Counting On The Government’S Rs 25,000 Crore Stress Fund For Reviving Stalled Projects To Improve Their Business Prospects. Indiamart, An Online B2B Marketplace Connecting Buyers And Suppliers, Said Growth In Queries Had Fallen 50% And The Government’S Intervention Will Help Revive The Ancillary Industries. Lift Manufacturers And Makers Of Tiles, Sanitaryware, Faucets And Plastic Pipes Claimed That After Housingnse -3.25 % Projects Stalled, Payment For Orders Worth Several Crores Of Rupees Have Been Pending, Two People With Knowledge Of The Matter Said. We Hope That The Introduction Of The Stress Fund For Stalled Real Estate And Housing Projects Will Be A Much-Needed Relief, Both For Homebuyers And For Millions Of Small Businesses Involved In The Sector, Said Dinesh Agarwal, Managing Director Of Indiamartnse 0.10 %. Agarwal Said Growth Has Slowed For Cement, Tiles And Sanitaryware, Construction Equipment, Elevators And Escalators, Upvc Doors, Windows And Glass.

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