The union budget so far has not announced any real estate-specific policy, which is a little disappointing for the Industry players. However, the industry will welcome the government’s continued policy of supporting infrastructure growth. 10,000 Crore has been allocated for infrastructure funds which will also offer an institutional framework for development in Tier 2 and 3 cities. This will drive real estate growth. Meanwhile, the capital expenditure has been increased to INR 10 lakh crores which will link infrastructure growth, economic prosperity, and real estate demand. It is noteworthy that infrastructure development is the cornerstone of a healthy real estate industry. The outlay for PM Awas Yojna has been increased by 66% to INR 79,000 Crores, which is another very prudent announcement.
