Post Budget comments from Knight Frank India

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

Displaying Shishir Baijal.jpg




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s