NEW DELHI (INDIA): India’s Finance Minister Arun Jaitley is all set to present the Union Budget for 2017-18 on 1st February.This would be his third full-year Budget. So all eyeballs on his briefcase, what Jaitley is going to present for India.
Lets go through MAPSKO’s pre-budget expectations from Jaitley.
” The next budget is likely to highlight few aspects which can auger real Estate sector. After the demonetization move, more cash flowing in banks will surely pressurize banking sector to reduce loan lending rates, further reducing rate of interest.Allocation of funds for serious infrastructure development is very likely after extra cash reserves with government.7th pay commission has already made government sector employees richer and with more money being pumped in the markets, private sector will certainly see employees growth and hence extra reserves with individuals.The government push for FDI in various sectors has historically boosted real Estate.With RERA becoming a reality, real Estate sector is likely to get industrial status and making banking loan easier for developers and hence boosting real Estate sector.”
Manav Gopal, Head Sales and Marketing, MAPSKO.