Rajeev Piramal, Vice Chairman & Managing Director, Peninsula Land Ltd

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Rajeev Piramal, Vice Chairman & Managing Director, Peninsula Land Ltd

“Budget 2018 has been a mixed bag for real estate sector, the announcements made by the Government are very optimistic for affordable housing and will definitely attract more corporate players to enter this space. We welcome the Finance Minister’s decision of allocating budget for infrastructure spending on roads and construction that will definitely improve connectivity and boost housing demand, thus creating opportunities for new homes and development.

However, the real estate industry was looking forward to the long-pending demand of receiving infrastructure status and single window clearance for all real estate projects that will avoid project delays and increase transparency in the sector. Also, from home buyers perspective, additional relief on stamp duty and registration could have been reduced or merged with GST as that would ease the financial burden and expedite the decision of home buying.”

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