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. This is a welcome initiative. Moreover the increase in allocation (and widened scope for private sector participation) in infrastructure implies a clear intent on enhancing the urbanization process as well as providing a support to the slowing industrial sector. This will mean an indirect impetus to real estate creation as well. -Anurag Mathur, MD, Cushman & Wakefield India

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