REALTORS STILL UNHAPPY WITH STIMULUS PACKAGE

Realty companies, reeling under credit crunch and sluggish demand have described the government's economy stimulus package as 'disappointing' for the sector. At the same time they say that excise duty cuts on steel and cement will lower construction costs and the soon to be announced package for small ticket home loans will spur the development of relatively low cost housing. "The package announced by the government was disappointing. We were expecting much more, "said Omaxe CMD Rohtas Goel, who also heads national real estate body Naredco.

Courtesy:- ET dtd:- 12th Dec. 2008