Interim Budget Quote by Dr. Niranjan Hiranandani

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New Delhi, March 10, 2019: Dr. Niranjan Hiranandani, National President, Naredco commenting on the progressive outcome of interim state budget presented by Maharashtra Finance Minister says that” the allocation of Rs 6895 cr for PMAY scheme to achieve the target for Housing for All is welcomed move by the industry. It implies deliverables of additional homes in this category helping the home buyers to get their dream homes. Also, other key allocation towards infrastructure development in terms of extended metro connectivity, state transport bus stands, jetties development under Sagarmala project scheme, roads under hybrid annuity and development of highways will lead to an enhanced connectivity with the suburban peripheral locations and further ease the commute hassles of the homebuyers to and fro to their workspaces. This specified budget allocation will absolutely impact the real estate in a positive manner. He also further added that a low debt-GSDP ratio pegged at 14.82% against the estimated 16.5% is a result of prudent fiscal planning aimed to control fiscal deficit through right policy decisions.

Corporate Comm India(CCI Newswire)