31 Jan 2017 Union Budget 2017-18 | PRE-BUDGET EXPECTATIONS The introduction of the Real Estate Regulatory Act as well as demonetization last year has been extremely disruptive for the real estate sector. The government has already expressed its vision of housing for all by 2022. If this is to become a reality, they will need to provide tremendous amount of stimulus for the real estate sector so that homes become more affordable and get produced much faster to meet the objectives.
23 Feb 2017 BUDGET REACTION | Tilak Raj Seth, Head Mobility, Siemens Limited and CII Chairman, Rail Transportation & Equipment Division “The industry was keen to see the representation the rail sector would get in this combined Budget, the first in independent India. The Finance Minister did a good job focusing on key and strategic measures for the railway sector.
23 Feb 2017 BUDGET REACTION | Akshay Taneja, Managing Director,TDI Infratech Ltd "We welcome the infrastructure status being given to the affordable housing sector it will help achieve the target set to cater to this most important segment, which is the need of the hour. We will now see more of such projects being announced in the recent future.
23 Feb 2017 BUDGET REACTION | Atul Banshal, President, Finance & Accounts, M3M Group The Union Budget has provided quite a few incentives to the real estate sector. The status of infrastructure provided to the affordable housing segment will provide it a big push. This will generate ore investments and funding to the sector resulting in bringing down the cost for the developers.
23 Feb 2017 BUDGET REACTION | Srinivasan Gopalan,Group CEO, Ozone Group “Overall I feel that this is a positive budget for housing and rural development. Affordable housing is set to have a huge advantage, with it being given infrastructure status.
23 Feb 2017 BUDGET REACTION | Punit Agarwal,(M.D & C.E.O),Nirvana Realty "Budget 2017 looks like a boon for the real estate segment, especially for the weekend home section. With the various policies introduced by the government, it is safe to say that the weekend home segment is going to see some revival that will boost the growth.
23 Feb 2017 BUDGET REACTION | Raj Shah, Director,Namrata Group The much awaited Union Budget is out today with many new announcements for all across all the sectors. The budget is mainly aimed at economic reformation of the poor.
23 Feb 2017 BUDGET REACTION | Santosh Naik,M.D & C.E.O, Disha Direct Overall the 2017 Union Budget is a good budget in general but mixed for real estate industry which was looking for more from this budget.
23 Feb 2017 BUDGET REACTION | Agyendra Jha, M.D & C.E.O, Wings Lifespaces The Union Budget comes across as a bonanza to the Real Estate Sector. This is especially due the Infrastructural Status given to the Affordable Home segment. The introduction of this policy will help the developers in raising adequate funds both from various funding routes and that too at a better interest rate.