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  • Post Budget Quote- Xanadu Realty & Agrim Housing Finance

    Published on February 2, 2022

        Mr. Vikas Chaturvedi, CEO, Xanadu Realty,

        “The 2022 Budget provides a clear indication of the Government’s approach – to accelerate support to the key engines of growth –  and the real estate sector rightfully finds its pride of place. The allocation of Rs 48,000 crore for the construction of 80 lakh affordable houses under PM Awas Yojana will not only answer to the need for finding appropriate housing for the multitudes moving to urban centres but will also create hundreds of thousands of new jobs adding to the multiplier effect. The increased outlays for infrastructure development and for MSMEs would facilitate further job creation, improve the financial stability of people and help many more to invest in affordable homes. The enhancement of connectivity through road and metro rail systems will help improve the real estate potential in specific micro-markets such as MMR and NCR. The proposed digitalisation of land records will have a far-reaching impact on the speed of transactions and further facilitate the use of technology in various sections of the real estate industry. The revised law that is expected to replace the SEZ Act, will have a positive impact on industrial real estate as well. Finally, the budget’s announcement to set up a high-level panel of urban planners and institutions to create a sustainable urban development strategy with the continued availability of tax breaks and exemptions for investment in housing should assure industry players and investors of the long-term policy attention to the sector. This will encourage them to further invest in residential and commercial development. The real estate sector is set to be a long-term growth engine for the Indian economy.”

    Dr (PhD) Malcolm Athaide, CEO and Co-founder Agrim Housing Finance Pvt Ltd –

        For a nation aiming at growth and stability in the wake of a pandemic, social welfare is the topmost priority. The Union Budget thus rightly focussed on a host of social welfare measures as a booster recovery growth shot. Most significant among these was the infrastructure commitment to allocate ₹ 48000 crores under the Pradhan Mantri Awas Yojana (PMAY). The commitment to complete 80 lakh houses in 2022-23 along with the allocation of ₹ 60,000 crore to provide tap water to 3.83 crore homes is a step forward towards nation-building in a phase of economic recovery.

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