The relaxation of ECB norms will certainly boost investments in the affordable housing sector, thereby, help to meet the acute housing shortage.
Budget
Eaton Corp. [Apr 2012]
A status quo budget. We were looking for more concrete initiatives that could quickly propel India’s growth and more specifically, increase manufacturing from 16 to 25% of GDP.
Jones Lang LaSalle India [Apr 2012]
Indian real estate sector does not have much to cheer about. The increase in the service tax rate from 10% to 12% will increase the cost of production for developers, who are already reeling under high input costs.
Cushman & Wakefield India [Apr 2012]
Whilst there is not much incentive provided to the general housing buyers other than a token increase in tax exemptions, the positive aspect of the budget it that it has increased support to affordable housing sector in the form of enhanced budgetary support and institutional support by creation a credit guarantee trust fund and allowance of ECB in affordable housing.
Steelcast [Apr 2012]
Union budget is very inclusive and I am happy to see increase in various social sector schemes.
ElectroMech [Apr 2012]
Overall, a tepid budget with no big-bang measures that ensure the promised high growth trajectory that India has been waiting for patiently for the past couple of years.
Knight Frank India [Apr 2012]
Overall this budget does not have much to look forward to. With reference to the real estate sector, there is an absence of any intent to address the issues concerning the sector.
KEC International [Apr 2012]
The Union Budget contains several steps to increase investments in infrastructure projects particularly in power, water and the railways segments.
RICS South Asia [Apr 2012]
For the real estate and housing sector, this years’ budget has exceeded expectations given the pressure on fiscal situation. Most importantly,
Rail Budget 2012 Thrust on Safety & Modernisation [Apr 2012]
Though, for the first time in a decade a railway minister has taken the decision of increasing passenger fares; railway has proposed its thrust for raising investment in modernisation and upgrading rail infra