Home automation offers a wide spectrum of products to cater to every need. December 2019
The real estate fraternity is expecting few big sweeps at the ‘Union Budget 2020’. Ashish R Puravankara, Managing Director, Puravankara, shares:
“Real Estate will have a huge part to play in India INC’s journey to a Rs 5 trillion economy, and boosting the sector will help in employee generation and have other beneficial cascading effects. We expect government to expand its gambit of incentives to the industry at large, which will further amplify the momentum displayed in 2019.
Some of the key expectations from the budgets are:
While aligning itself to the new structural blueprint, the expectations from all stakeholders in real estate industry are high, not just as India INC is moving towards a burgeoning economy but also for the clarion call of ‘Housing for All’.
We believe that rapid urbanisation and white-collar migration will ensure strong growth of the commercial sector which will in turn translate into higher residential demand. Also, in commercial segment, warehousing and retail will add more steam to the vertical in immediate future; especially, in the backdrop of $1 billion investment commitment by Amazon.
While we hope that this Budget will address all the requirements to boost the growth of real estate sector, there needs to be a two-pronged approach to reach the Rs 5 trillion economy mark. We are hoping that the government will provide a viable roadmap to accelerate overall consumption, especially in rural India, by pumping more capital into agriculture. The same will have a positive impact across industries and go a long way towards boosting the economy.