APN News

  • Sunday, April, 2024| Today's Market | Current Time: 01:24:07
  • Post Budget Quote II Binitha Dalal, Founder and Managing Partner, Mt K Kapital

    Published on February 2, 2023

    “Our finance minister has put forth a budget that is encompassing a boost for all sectors. The government has further strengthened the vision for INDIA @100 by increasing investment in building Indian Infrastructure and upliftment of the country’s GDP. India is pegged to be the fastest-growing economy in 2023 and this budget will further affirm the same. What stood out for the real estate sector was the initiation of the Carbon Credit Scheme which will boost ESG and push for Carbon Neutral projects in the sector. The increase in PMAY outlay by 66% to 79000crs will further strengthen Homes for All. The total CAPEX outlay in the Union Budget has been enhanced by 33% from 7.5 Lakh Cr to 10.0 Lakh Cr which takes it to an all-time high of 3% of GDP which will help boost the Infrastructure Growth in the country. While the capping of capital gains deduction to 10crs towards investment in residential real estate will create a deterrent for opportunistic investment in real estate, however the demand for homes in the long turn seems intact as the demand for homes is larger than the supply available. The revision of the tax slabs as well as the simplification of the new tax regime will increase the net disposable income in the hands of people. ” — Binitha Dalal, Founder and Managing Partner, Mt. K Kapital


    Leave a Reply