Q

What are post budget 2018 quotes on Indian real estate market?

01 Feb 18 1551
What are post budget 2018 quotes on Indian real estate market?

1 Answers

A

Pankaj Agarwal

01 Feb 2018 05:23 PM
After laying the foundation for a more robust and organized real estate sector, we anticipated the government to further reinvigorate the industry by way of lowering the GST rates, allowing single window clearance and affording an industry status to the real estate sector. These changes would have contributed positively to hasten the recovery of the industry which is today one of the largest employer and contributor to country GDP. Having said that, the Government continued focus on affordable housing with an establishment of a dedicated fund will further propel the realization of Pradhan Mantri Awas Yojana (PMAY) which aims to bring more people under the ambit of inclusion. Greater focus on developing the infrastructure layout by way of increased budget allocation for highways, acceleration of rural roads construction is a welcome move as it will drive greater socio- economic development around these regions. - Amarjit Bakshi, Managing Director, Central Park.
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