“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.
A global tender is going to be invited by the Goa Government for its new airport project at Mopa in the northern part of the state. The State Chief Minister Manohar Parrikar said that the new airport will be developed on a public private partnership basis.
Indian Railways Minister Pawan Kumar Bansal on April 4 invited private companies to participate in Indian rail projects including the Dedicated Freight Corridor (DFC). He added that there is tremendous scope for private investments in rail projects.
While the Narendra Modi Government has been instrumental in bringing in the ´feel-good wave´, the 2014 Budget did not prove to be a harbinger of positive news. Provisions of the carry-forward Budget included support for renewal of infrastructure
We would like to congratulate the Honorable Finance Minister Shri Arun Jaitleyji for offering measures conducive to the growth of the infrastructure sector. Overall it’s a positive budget for the industry. As direct investment in the infrastructure sector will surely lead to increase in the GDP growth of the country.
Hyderabad 28th February 2015: The Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India is feels that the sector has not got the desired position of importance in the budget for the fiscal year 2015-16.
Established in 1998, IRB is among the leaders in the roads and highway sector. FY2015-16 was challenging for roads infrastructure, especially in the BOT space as NHAI tenders had dried up. However, as Virendra D Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers, says, ´IRB was not affected much because we bagged a Rs 2,600-crore bid for Agra-Etawah six-laning besides four other projects in various stages of construction.
The infrastructure sector in India has gone through a stressful time during the period FY2011-2014, due to delay in clearances, aggressive bidding by developers, and stranded projects. This, along with reduced government spending, stressed finances of the private sector and tightened bank funding, has resulted in a decline in investments in this space.