It’s a path breaking budget with significant focus on real estate and infrastructure. The various incentives that have been provided will enhance the growth prospects of the real estate sector, even further. To begin with, REITs being awarded a pass through status will attract significant investments into the sector which is the need of the hour. An allocation of INR 7,060 crore indicates that equal attention has been paid to infrastructure growth which is often inter-linked with demand for real estate. Various other monetary incentives such an allocation of INR 4000 crores towards affordable housing backs the present government’s vision of providing housing to all by 2022. Overall, this budget will ensure that sentiments remain upbeat for the next few years.
Mr. Shishir Baijal – Chairman & Managing Director – Knight Frank India