Another brick in the wall, a difficult bet for realty

However, realty consultants are of the view that the recent measures taken by the government would bear fruit only if it is complemented with lowered property prices and further injection of liquidity.

Realising the impact of slowdown in the housing sector on other industries, like cement and steel, and its employment generation capacity, the government is mulling another package to boost the sector, expected to be announced in 2009.

Hopefully, the second stimulus package will bring smile to the common man and provide much-needed relief to the real estate sector.
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