Mr. Rohit Poddar, Managing Director, Poddar Housing and Development Ltd

“It is good that the BMC has increased its spending with the allocation of Rs. 22,647 crore for capital expenditure that is to be spent on the city’s infrastructure like roads, stormwater drains, and water projects in order to provide higher levels of both ‘Quality of Living’ and ‘Ease of Living’. Spending on various infrastructure projects will help the city’s quality of life in the long term. Waiving off property tax helped to rebound the real estate sector at large with the mid to upper-end segments purchasing flats in unprecedented numbers. With the asset allocation that the BMC has already received, it aims to boost the stressed real estate sector till January 2022. Hence it is proof that the policy for helping the real estate sector has percolated down in the sector that would result in the actual execution of real estate projects by increasing the supply of housing stock as well as employment in the sector.”