Union Budget reaction – Mr A Balakrishna Hegde, MD, Chartered Housing

Bangalore, Mar 05, 2015
UNION BUDGET 2015-16

• There is nothing positive specific for Real Estate in the current budget.

• There are no negatives either for Real Estate.

• Some changes are expected with respect to REITs regulations which may benefit the Real Estate to some extent. But the same will depend on the fine print details.

• However, the overall boost to Infrastructure through various schemes such as special fund, public expenditure, tax free bonds, plug and play projects, regulatory reforms etc will benefit the over all economy and naturally Real Estate will also get a boost through infrastructure.

• A lot of initiatives to kick start the economic growth will also benefit the Real Estate indirectly