Manav Gopal, Head Sales and Marketing, MAPSKO, says, “The next Budget is likely to highlight few aspects which can auger the real estate sector. After the demonetisation move, more cash flowing in banks will surely pressurise the banking sector to reduce loan lending rates, further reducing rate of interest. Allocation of funds for serious infrastructure development is very likely after extra cash reserves with government. The 7th Pay Commission has already made government sector employees richer, and with more money being pumped in the markets, the private sector will certainly see employees growth, and hence extra reserves with individuals. The government push for FDI in various sectors has historically boosted real estate. With RERA becoming a reality, the sector is likely to get industrial status, making banking loan easier for developers, and hence, boosting the real estate sector.”
