New Delhi, February 02, 2022: Budget 2022 presents a well-rounded forward looking and inclusive vision aimed at accelerating infrastructure, focussed planned urbanisation, continued growth in affordable housing and rejuvenation of the SEZ Act. This bodes well for global and domestic investors looking at growth opportunities in the real estate sector in India including data centres and energy storage systems which have been accorded industry status.
Introduction of a revised legislation for the Special Economic Zones is likely to bolster further development and propagation of large scale commercial and residential developments for the EOUs. The additional allocation of INR 48,000 crores for the completion of construction of 80 lakh houses under Pradhan Mantri Awas Yojana in rural and urban areas in the year 2022-23 and the establishment of Centres of Excellence with an outlay of 250 crore for urban sector development will help increase the urban footprint pan India. The budget sets out a decadal roadmap for development and growth.
Corporate Comm India (CCI Newswire)
