Huge Thrust to Infrastructure

Amit Wadhwani, Director Sai Estate Consultants

Immensely Inclusive Budget. Finance Minister Arun Jaitley’s budget has given a huge thrust to infrastructure with more allocation of resources to infra sector; focus on employment problem of India with particular attention on medium and small enterprises. It was expected that the budget, overall, will bring no surprises at all, as it was made keeping in mind the election next year and 10 assembly elections this year. The emphasis on employment, agriculture, Infrastructure, health and education was required, but not sure if the this will lead to the expected outcomes. It is a good time for the affordable housing sector as the Finance Minister has announced a dedicated fund for the sector in the Union Budget. This move is likely to provide flexibility to the sector. The government aims to boost the supply of rural housing and augmenting the supply of affordable housing in urban areas. Finance minister proposal on no adjustment in respect of transactions in immovable property, where the circle rate value does not exceed 5% of the consideration will further minimize hardship in real estate transactions

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