Mr. Rohan Khatau, Director, CCI Projects Pvt. Ltd. – Rivali Park

 “The Union Budget for the fiscal year 2022 is quite robust and centered around the nation’s progress, with a focus on increasing economic efficiency and infrastructure growth.  PM Awas Yojana’s new development will augment buying of affordable housing across India, strengthening the real estate sector. The GatiShakti master plan will lead to transformation of key infrastructure – roads, railways, airports, ports, mass transport, waterways and logistics.

Identification of 80 lakh households for the affordable housing scheme and infrastructural boost through a focus on “digital and technology” will lead to economic and sectoral advancement and amplify the standard of life exceptionally in coming years.”

    Tycoons Group:

“The PM Awas Yojana has allocated Rs. 48,000 crore for the housing sector. In the fiscal year 2022-23, around 80 lakh houses are expected to be built under the affordable housing scheme. This move will certainly boost the real estate and housing sector. Besides this, in the Union Budget 2022-23, we were also expecting announcements on certain schemes such as relaxation in GST on under-construction properties, pricing of key raw materials and the limit of home loan interest for tax rebate to be raised to Rs. 5 lakh from Rs. 2 lakh.” –  Mr. Shrikant Shitole, President – CREDAI MCHI-KDU & Managing Director – Tycoons Group.

    VBHC:

 Mr. Ram Walase, MD & CEO, VBHC, commented on the Budget presentation today. He said, “We are happy with the Budget. The Finance Minister has allocated Rs 48,000 crore for affordable housing, which could facilitate development of 80 lakh homes in 2023. Besides, single-window environmental approvals, better co-ordination between the Centre and states for approval processes and uniform registration of deeds will help boost the affordable housing market. More importantly, the larger allocation to capital investments would enable long term growth momentum for the economy.”