“For the real estate sector, this budget has reaffirmed the government’s commitment to “Housing for All by 2020”, tax incentives for REITS and InvITS, focus on infrastructure and reduce black money by introducing the Benami Transaction Bill. The game changing announcement are the intent for the sovereign to participate in PPP project risk and NBFC with a capitalization of greater than 500 crores to be treated at par with banks under the SARFESI act. We expect that the overall positive economic cues like reduction in corporate tax, focus on infrastructure and industry, and encouraging more credit to India, will overall result in boost in the economy and will indirectly but positively impact the real estate sector.”
