Budget 2014 to 15 Accord infra status to real estate industry.1. The real estate industry has high expectations from this Budget to help them to pull out of the downturn over the past two years. FULL COVERAGE: Modi government's first budget
2. The biggest expectation is around infrastructure development,
i.e., roads, flyovers, metro trains, in our major urban centres as they
are facing acute infrastructure constraints. We have already seen the
positive impact of infrastructure development, such as Noida Expressway,
Yamuna Expressway, Eastern Freeway (Mumbai), Delhi Metro on their
respective real estate markets. 3. The government's plan of
augmenting infrastructure in existing metros and creating 100 new smart
cities shows its seriousness towards infrastructure. 4. Another
expectation out of this Budget is policy support to incentivise
affordable housing and permit higher tax exemption limits on interest
and principal repayments for home buyers. 5. Lastly, the real estate industry looks forward to being accorded infrastructure status which would allow banks to increase their funding to the sector. SOURCE : WEB
|