“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 budget has not delivered what it promised. The budget has given broad direction for housing requirements till 2022, however in terms of concrete measures in that direction is lacking.
The Indian growth story got a timely media boost with the budget mania on television, as the government got its platform to vocalise and showcase the India shining story on the tube.
Members of the real estate industry presented their pre-budget memorandum to finance ministry.
The much-awaited suburban railway project was announced for Bengaluru in the Railway Budget three months back. However, both the state government and the Railway Board are sitting over the project with not a single meeting being held so far.
The new government’s budget is indeed a forward looking budget. It seems to be more credible with higher allocation for infrastructure along with clarity in taxation structure. The proposal for 5 “ultra mega” power projects is definitely a positive move and a big boost for growth.
The budget is an extremely positive one. The roadmap to simplify processes, encourage growth was critically needed and several measures proposed will stimulate growth and revive the economy.
The increase in coal cess in the budget and yesterday's increase of freight in the Rail Budget together adds an average of 10 paisa per unit increase to power generation costs.
The Union Budget 2015 reiterates the Government’s Digital India programme, with a balance of strong focus on strengthening the infrastructure sector along with measures to promote entrepreneurship.
With the announcement of increase in excise duty to 10 per cent in the budget, cement makers are expecting a further increase in prices.
