“I welcome the overall Budget and the government’s endeavor to create an outline for reviving all sectors. A growing economy will in turn boost the real estate sector also. The Union Budget’s positive initiatives to revive the sector like relaxation in FDI, REITs and allocation of Rs 7060 crore for 100 smart cities development are commendable. Incentives for affordable housing, raising tax exemption limit and interest reduction in home loan will bring further momentum to the sector. Promotion of industrial development and growth of manufacturing sector will give a boost to Tier II and III cities, lead to improvement in urban infrastructure and create more avenues for employment, income and lifestyle improvement. In short, the government has set up the broad framework on which to build the structure of its vision “Housing for All by 2022”.
- Mr. Mohit Goel, CEO, Omaxe Ltd.