India: Government measures to help mitigate effects of economic slowdown

According to the new India Real Estate Report, 2019 was a challenging year that saw GDP growth decline to 4.5% year-on-year in September. The economic slowdown exacerbated the uncertainty in the residential sector which is still struggling to find its feet in the midst of a funding crisis.

However, the recent creation of an Alternative Investment Fund (AIF) to aid the completion of stalled residential projects and the relaxation of GST rates earlier this year shows the government’s will to aid the beleaguered sector.

 

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