Pre Budget View expectation: Real Estate & Ancillary,Education, Power & Legal sector

Mr. Sanjay Gupta, CMD, APL Apollo

New Delhi, February 02, 2020: “As the Indian steel pipes and tubes industry is on the cusp of growth led by innovation, we expect a slew of favourable policy announcements in Budget 2020, so that the industry may expedite its efforts to tap into its unrealised potential. We also expect higher budgetary allocations towards infrastructure development, water supply, and sanitation that will altogether drive demand in the industry. In a nutshell, we are looking forward to a slew of strategic announcements that may accentuate the growth of the steel pipes and tubes industry over the coming years.”

Mr. Ajay Khurana, Chairman, REHAU South Asia

“We expect the upcoming budget 2020 to infuse hopes and cheer in the industry with a growth-oriented approach reinforced in it. We look forward to the honourable finance minister to provide the industry with a conducive environment encompassing incentives in terms of ease of doing business and renewed encouragement for better business opportunities. Being one of the leading global players in uPVC Windows & Doors, Furniture and Building industry we hope the upcoming budget should reenergize demand and pave the way to accelerated business growth.”

Mr. Pankaj Kumar Jain, Managing Director, KW Group

“Real estate sector is in dire need of budget stimulus to fight the slowing growth. It needs such provisions in the upcoming budget that immediately bring relief to all the industry stakeholders. Apart from easier project financing avenues to the announcements towards boosting infrastructure across the regions, the industry is expecting the budget 2020 to also increase the income tax deduction limit on home loan to boost real estate demand. Moreover, the entire real estate sector should immediately be granted industry status to make it eligible to avail finances from banks on lower interest rates. Such an arrangement will be truly helpful in addressing the liquidity issues of the industry, besides helping in the completion of various stalled projects. The increased bank funding will definitely turn out as a much-needed encouragement for the developers struggling to deliver affordable housing projects to meet their commitments to support the ambitious Housing For All by 2022 initiative.”

Mr. Anshul Gupta, Director, Okaya Power Private Limited

“We expect the government to support the growth of the entire renewable energy segment in India by providing major tax incentives, besides announcing a couple of favourable policies in the upcoming Union Budget 2020. In order to fulfill the vision of clean energy and the growth of solar and EV segments in the country a slew of encouraging measures are urgently required. Such initiatives will further embolden our sincere efforts towards enhancement of our assembling capacity for the development of a wide-range of Lithium-ion battery modules to meet the fast-growing demand”.

Mr. Som Mandal, Managing Partner, Fox Mandal

“Currently the general state of the economy is deeply worrying and it immediately requires a booster dose of positive sentiments hence we have a hope on the horizon that the upcoming budget 2020 will turn out to be the panacea of all ills. We look forward to the honourable finance minister to take reform-oriented measures in this budget with the aim to put the economy back on high growth trajectory while helping improve the corporate and industrial growth scenario.”

Advocate Ishanee Sharma

 Advocate Ishanee Sharma said: “We expect the Union Budget 2020 will surely drive the next wave of growth in the real estate sector which is keenly awaiting the conducive business environment to unleash its full potential. We expect some major announcements to take place in the upcoming budget which we believe will reignite hope and cheer in the real estate sector. While the government looks committed towards providing housing to the masses through its ambitious Housing For All initiative, we would like to draw its attention towards granting industry status to the entire real estate sector to facilitate ease of doing business and access to construction loans at a cheaper cost. In addition, we expect more funds would be allocated in this budget to be invested strategically in the development of housing and urban infrastructure all across the country.”

Mr. Satnam Sandhu, Fun Rangers Group of Schools

“Budget 2020 requires to have some incremental announcements for the education sector, especially to enable the educational institutions to match the galloping pace of skills and abilities required in the millennial students. Education being one of the important indicators of economic growth and progress requires inordinate attention, especially in view of the much needed newer technologies adoption to transform the quality of education to make students industry-ready. Hence, we expect in the upcoming budget the honourable finance minister will give due recognition to the education sector with enhanced budgetary allocation.”