“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 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.