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  • Quotes on Hon’ble FM, Ms Nirmala Sitharaman’s announcements for the Real Estate sector

    Published on November 12, 2020

    Mr. Nakul Himatsingka, Managing Director, Ideal Group:These measures are very positive and shall help in closing a lot of deals and boost real estate demand. Clients will also benefit as builders will be able to offer their apartments at a more attractive price.


    Mr Abhishek Bhardwaj, Chief Marketing Officer, Shristi Infrastructure Development Corporation Ltd:
    As per the latest announcement, the Income tax relief for developers and home buyers will boost housing sales. It is expected that a lot of clearance of inventory will take place as customers will  end up paying lesser.

    Mr. Arya Sumant, Managing Director, Eden Realty:The additional outlay of Rs 18,000 crore for PM Aawas Yojana- Urban announced by the FM today will help the first-time home buyers in general and affordable housing segment buyers in particular. The relief provided for difference in circle rate and agreement value up to 20% will help both the buyers and developers. We believe that these will surely help in rejuvenating the real estate sales. 

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