Budget 2015-16
Good, but not much for us, say realty players
Going by the initial response, Finance Minister Arun Jaitley’s “balanced” and “controlled” Budget for 2015-16 has got thumbs up from the real estate sector. The fact that there are no big-ticket announcements directly impacting the sector has disappointed many but the overall, long-term vision in Jaitley’s exercise has come in for applause from the industry.
The following are the reactions received by Realty & More from some prominent players in the industry.
Goel said, “For the housing sector, this Budget has a lot of both direct and indirect provisions which will have positive impact and bring it back in green zone.”
In a strong reaction, Sanjeev Varshney, MD, Prop Leverage, said, “For real estate sector there is no hope in the Budget. We expected steps from the Government that would act as a boost for the sector. However, the cautious Budget left everything in open and now the hopes are still alive from the next year’s Budget. As on the ground, we are facing a lot of queries for price reduction in real estate but this Budget left us speechless when it comes to reduction of prices in real estate.”
MR Jai shankar, CMD of Brigade Group, said, “It is a good growth-oriented Budget, with special emphasis on infrastructure, Swacch Bharat, introduction of pension schemes, curbing black money and improving ease of doing business. But as far as Housing industry is concerned, there is no special encouragement inspite of ‘Housing for All’ vision. To that extent for our industry, the Budget is disappointing.
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