Real Estate Sector has high hopes from the Maiden Budget of the Modi Government
The Indian Real estate industry is looking at the first budget to be presented by the Modi Government with a lot of expectations. The property sector is looking at the possibility of the solution of the issues that have been plaguing the Indian real estate sector – such as delayed projects, legal quagmire, lack of project funding and transparency shortfall etc.
Since Modi Government’s dream is to provide housing for all by 2022, the real estate sector is super excited about the affordable housing segment too. The Indian real estate industry is now beaming with the hope that the new government will be able to re-establish the country as an economic force, increase consumer confidence, lure investors and curb the policy paralysis as well as other bottlenecks that are preventing economic growth.
In the upcoming budget, the real estate sector is hoping for the announcement of progressive new policies which will lure FDI in real estate. The sector is in serious need of liberalized funding flow and is reeling under the pressure of debts.
Global investors are once again enthusiastically eyeing the Indian market for the immense opportunities it offers. Hence if the government opens the door for FDI in the real estate industry, it will benefit the sector as well as the consumer and create thousands of jobs for the youth.
Source- The Economic Times
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