Post Budget for real estate 2020 on behalf of Mr Rahul Grover-CEO, SECCPL

New Delhi, February 02, 2020: “This year, the budget has revealed the government’s intentions towards bettering infrastructure. The National Infrastructure Pipeline includes 6,500 projects across the country and Finance Minister Sitharaman has also announced the allocation of INR 27,300 crore for industry and commerce in FY21. The scope of commercial projects will show an incline, as can be seen from the government’s plans of developing a 9,000-km economic corridor. Along with this, plans for developing strategic national highways have also been announced, which can help bring about developmental changes in the real estate sector as well. Additionally, Ms. Sitharaman has also extended the tax holiday on profits for developers involved in affordable housing projects till March 2021. These announcements bring glad tidings, as advancements in infrastructure are a trigger for the development of society. The real estate sector can expect an array of opportunities to explore different projects – both residential and commercial, and the tax benefits being offered on the Affordable Housing initiative are a positive indication of the year to follow”

Corporate Comm India(CCI Newswire)