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Steps for homebuyers next week: Nirmala Sitharaman

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Updated: Aug 24, 2019, 05.37 PM IST
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Highlights

  • Thousands of home buyers across the country are faced with uncertainty as their dream homes have been delayed and builders have defaulted in several cases
  • "This is only a start. I do not want worries to remain, we are continuously with people," the finance minister said
(This story originally appeared in on Aug 24, 2019)
NEW DELHI: The government will unveil a fresh set of measures by the middle of next week, aimed at resolving the problems faced by homebuyers and another set of steps to take care of pending issues hurting economic growth, finance minister Nirmala Sitharaman said.

“I should also tell you that on homebuyers, we have had consultations, particularly for homebuyers who have problems in the NCR and therefore will have a bearing in Mumbai where a lot of home buyers have paid their advances and sitting without knowing what to do and the promoters are sitting with no money to further their projects,” she said.


Thousands of homebuyers across the country, particularly in the Delhi-NCR region, are faced with uncertainty as their dream homes have been delayed and builders have defaulted in several cases.

“We have had discussions, we are also very close to coming up with some solutions. I have not introduced that today in this presentation but sooner I will be able to come separately to talk to you all about homebuyers and the way in which the government is responding to solving their problems.”


Sitharaman said more measures are expected over the next two weeks. “This is only a start. I do not want worries to remain, we are continuously with people, we are taking their inputs and responding to them and therefore this is only a start today, we have come with a set of our responses.”

“Next week again, I do not want to give a date now, but next week again we shall be coming with one more set of announcements, one more set of announcements by the middle of next week. Soon after that I will come with another set of announcements, So you can expect us to come and talk to you twice more in the near future, which will take care of the other issues, which are pending.”


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