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  • Mr. Aman Agarwal, Director ,KV Developers’ comments on Union Budget 2014

    Published on July 10, 2014

    “We are extremely delighted after today budget speech by Shri Arun Jaitley. Real estate has finally got its long pending attention in the Union Budget. We sincerely applaud the decisions Mr. Aman Agarwal_Director_K.V. Developersmade to boost this sector. The relaxation of norms under FDI and implementation of REITs are certainly going to provide a cheaper alternative to costlier loans by banks. We were expecting this from the Finance Minister. Allocation of Rs 8000 crore for rural housing and Rs 4000 crore for urban housing for poor and EWS are in line with government’s ambition of Housing for all by 2022.

    By allocating another fund of Rs 7,060 crore to develop smart cities also shows government’s commitment for a collective growth. Government has also emphasised on involvement of private corporate in the development measures. This is indeed a welcome move and will allow private companies play a measure role in government’s mission 2022.

    We, however, were expecting to get an infrastructure status in the budget. This would have allowed the sector reap some more benefits in terms of funding. This remain unfulfilled. Overall, this is a welcome budget by the Union Government and certainly promises Acchhe Din ahead.”

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