The government has expressed the vision of 'Housing for all' by 2022, so in that sense the budget showcases a long-term vision. We are hoping that the government should articulate action plans that would follow their expressed intent. It was vastly anticipated that the budget would arrive at correcting the market drawbacks as a whole.
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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.
Well-developed infrastructure is key to development
Well-developed backward and forward infrastructure is essential for manufacturing. Building a high class infrastructure is crucial to spur growth in manufacturing sector and enhancing the competitiveness of this sector in India.