Gurgaon: Even though the government does not meet the old demand that is in accordance with the status of ‘industry’ with the real estate sector in this year’s budget, city-based developers say on Tuesday that the Finance Minister’s proposal to reduce the time of approval related to the land and increase the allocation under the Pradhan Mantri Beware Yojana (PMAY) will help keep this sector affordable housing market in Gurgaon and other NCR cities “It’s good for developers and home buyers.
Focusing on improving transportation services will help affordable housing markets.
Government plans to work with the financial sector to reduce costs Intermediary will further streamline the process.
“Aggarwal Pradeep, Chair of the Assocham National Council on housing in real estate and urban development, also described it as a” balanced budget “that took it overall economic development care.
“The government also talks about the City of Level II and III and it will work with urban planners to ensure that these cities witness economic growth and work.
The government’s proposal to help reduce intermediary costs will provide access to funds to complete the project in time.
This, an ordinary man can also fulfill their dreams because of the house, “he added.
However, RK Arora, Chair of Supertech, said the government had stepped on a good balance to lead the economy towards high GDP growth rates by investing in the infrastructure sector, but maintaining a fiscal deficit within manageable limits.
“For the initiative ‘housing for all’, PMAY has been given its interests, but mostly through the government’s superior programs than expected by sales agents.” Nayan Raheja from the developer of Raheja, agreed.
“We have demanded ‘industry’ status for all sectors and one window permits to ensure smooth operation, but the government has not responded.
Overall, the budget seems to be a mixed bag from a real estate point of view.
The expansion of small towns is anticipated and infrastructure encouragement can be considered profitable.
“