When the Finance Minister presented the Union Budget on July 10, it became apparent that the budget’s focus was to bolster economic growth by improving city infrastructures. The government addressed investment in medical facilities, education and electricity, but most importantly, the boost and investment being made into housing and real estate, with public tax benefits forwarded to improve buyer sentiment.
What does the Union Budget mean for real estate investment in India? It could be summarized in one statement from the Union Budget address, “housing for all by 2022”. (Economic Times)