Post the Union Budget address by the Finance Minister, views of the realty sector leaders differed on the grounds that whether the measures presented were conventional or unconventional. Nevertheless, sector stalwarts across the country were in sync when they voiced that the measures presented would significantly be of advantage to the construction sector, home buyers as well as investors.
“We welcome the government of India’s impetus to provide 100 smart cities in India. We remain fully committed to this initiative and are already in the process of setting up India’s first and largest Smart City – Wave City at NH 24.” – Amar Sinha, Executive Director, Wave Infratech
“The new government has announced the development of industrial smart cities which will greatly benefit the construction sector.” – Ashok Gupta, CMD, Ajnara India Ltd.
“Extending the tax incentive for housing loans from Rs. 1.5 lakhs to 2 lakhs will improve the interest of the first time home buyers.’ – Ajay Mangal, MD, MG Housing
“[…] it will definitely benefit the constructing builders who are actually on the grounds and the customers.” – Sudhir Agarwal, MD, Victory Group (Mail Today – Delhi)