Budget reaction from Mr.Amit Jain, Chairman and Managing Director, ARKADE Group

New Delhi, February 02, 2022: The budget has once again laid its focus on the real estate sector with the affordable housing space getting a further boost from the finance minister. With an outlay of Rs 48,000 crore budgeted for Pradhan Mantri Awas Yojana, target to build 80 lakh homes and single-window environmental approvals, the affordable housing segment should do well going ahead, especially when the sector was hit hard by the lockdowns triggered by the coronavirus pandemic. One was hoping that the FM would have provided some relief to the redevelopment segment, as many developers involved in redevelopment projects in several cities are struggling to keep pace with their projects, which is hit by higher taxes and some other hindrances.

Corporate Comm India (CCI Newswire)