From the real estate sector’s perspective, we anticipate a few aspects to be addressed in the Union Budget this year. Affordable housing will clearly be the flavor of the season. We look forward to provisions that firm up the vision of boosting this segment on the ground.
Faster project approvals would beef up the supply pipeline, help bring prices down and also ensure that real estate remains viable as a business. The Budget, we hope will provide suitable relief on this front. Turning the implementation of Real Estate Regulatory Bill into a reality will enable the Indian real estate market to become attractive for foreign investors.
Besides this, we seek more reforms in the form of single window clearance, and granting infrastructure status to the real estate industry to boost the sector and help in timely implementation of projects and also enable the industry to access capital and financial markets essential for its long term growth.
-By Reema Sharma |