Post budget 2022 quote by Mr. Ashish Narain Agarwal, Founder & CEO, PropertyPistol.com

New Delhi, February 02, 2022: The key factor in the Union Budget 2022-23 for the real estate sector is the allocation of INR 48,000 crore to PMAY that will give a fillip to the affordable housing segment. The government’s ambitious plans for boosting the rural economy along with urban planning through sustainable measures and clean public transport will propel the demand for homes in Tier II and III markets and give a push to more project launches. It would have been heartening to hear some measures on improving the liquidity in the sector as it remains one of the key challenges faced by the sector today.