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Miffed real estate players launch online petition for revival

Among other measures, Revive Real Estate Revive Economy seeks cheaper home loans to boost demand in the construction sector

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A bleeding real estate sector has taken the online route to reach out to the government for a relief package to bail it out. Upset over no relief in the union government-s measures to mitigate the COVID-19 crisis, industry czars have started a petition on Change.org.

The petition wants a revival of the industry through various measures, such as making loans cheaper for homebuyers to boost demand. The industry has been facing a slowdown since demonetisation and the situation has worsened further as liquidity has been squeezed due the to COVID-19 outbreak and the consequent lockdown.

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