At present, demonetisation has created an unfavourable environment for the auto industry on the whole. The auto industry is pinning hope on the upcoming Union Budget 2017 as it will uplift consumer sentiment and infuse a positive environment for the auto industry, including electric vehicles.
Author: admin (Infratructure Today)
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Deepak Premnarayen, President, Indian Merchants Chambers
The Budget is likely to continue its pro-poor image with a slew of concessions for agriculture, skilled labour and the rural sector, along with incentivisation to move to a digital payment economy. Employment-related incentives are likely to go up considerably.
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Jayashree Kurup, Head of Content and Advisory, Magicbricks.com
Affordable housing being given infrastructure status is a welcome move and will help in the ĆĀ“Housing for allĆĀ“ by 2022 Mission - it is a big and positive move for developers, banks and housing finance companies.
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Pradeep Misra, Chairman and Managing Director, Rudrabhishek Enterprises Pvt Ltd
We have a lot of positive expectations from the upcoming Budget 2016-17. My thoughts are focussed on three major points - transparency on GST, encouraging the Real Estate Regulation Act (RERA), and REIT.
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Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited
Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals
The priority of the Budget should be to improve the macroeconomic fundamentals of the country and make efforts to meet the fiscal deficit targets of last year. The onus should be on productive utilisation of funds.
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Shishir Baijal, Chairman and Managing Director, Knight Frank India
The Union Budget 2017-18 is a much awaited one, considering that it comes against the backdrop of a challenging year for the real estate industry. There needs to be a balance between the demand and supply sides to ensure a surge in sentiment and investment opportunities.
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Talks of realty price correction are highly speculative
WhatĆĀ“s come as significant positives for the real estate sector are the announcements on affordable homes. One is the government according it infrastructure status, which means projects in that segment will be able to raise finance at a much lower cost.
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Tushad Dubash, Director, Duville Estates
We look forward to the implementation of the Real Estate Regulatory Authority Bill (RERA) which will bring in more transparency and professionalism into the sector. It is a positive move for developers with an established corporate governance practice. RERA coupled with GST and demonetisation will create a strong framework within which this industry will function.
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The Union Budget has a progressive outlook
The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.
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