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.
Author: admin (Infratructure Today)
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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
What´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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Jayem Logistics
Most of the start-up stories that make it to the front page depict an entrepreneur under the Bodhi tree having a vision or brainwave that presents itself in the form of an answer to a persistent question. However, on the other side of the mountain are the entrepreneurs who gather years, even decades, of intel on an issue, through observation, trial and error, and, in order to provide a solution that is current, state-of-the-art and right on the money.
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BlueScope introduces COLORBOND® steel
The average temperature in the world has increased over the last few years. The frequency of hot days and nights has increased and is likely to continue to be so. It is creating stressful, unhealthy, and unproductive working conditions.
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NTPC takes over 2,320 MW power capacity in Rajasthan
NTPC will take over Chhabra thermal power plant (1,000 MW) and Rajya Vidyut Utpadan Nigam (1,320 MW) in Rajasthan from Rajasthan Rajya Vidyut Utpadan Nigam (RVUN) and Rajasthan Urja Vikas Nigam (RUVNL) respectively.
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Tata Power Renewable Energy commissions projects in TN and AP
Tata Power Renewable Energy Ltd has announced commissioning of a 36 MW wind power plant at Nimbagallu in Andhra Pradesh and a 49 MW solar plant at Kayathar, Tamil Nadu.