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Construction & Infrastructure News

The scheme for profit linked income tax deduction for affordable housing is encouraging for both consumers and the real estate sector

February 2017

The focus of the Union Budget 2017 on making affordable housing an infrastructure status is a very positive move by the government in order to ensure...

Sandeep Runwal, Runwal Group, Union Budget 2017, National Housing Bank

With the new status, developers stand to receive tax benefits, subsidies and gain access to institutional funding and land specially released for affordable housing in prime locations

February 2017

The Union Budget 2017-18 has struck the right chord keeping the long-term objectives in mind, and we believe that it will bring positive improvements...

Union Budget 2017-18, The Wadhwa Group, Union Budget 2017-18, Affordable housing

If the government is able to follow through on the remonetisation inter-alias as per the plan, it will definitely impact the economic growth positively

February 2017

The government believes that the impact of demonetisation is transient. The increased liquidity in the banking system and the increase in the net of ...

Venkatesh Gopalakrishnan, Shapoorji Pallonji Real Estate, Union Budget 2017-18, Infrastructure, Defence sectors, SOPS inter-alia, JDA

Additional resources will come to the transport sector basis of modifying the metro policy, PPP operation of Tier-II cities and the ‘Multi Model Transport Approach

February 2017

The industry was keen to see the representation the rail sector would get in this combined Budget, the first in independent India. The Finance Minist...

Tilak Raj Seth, Siemens, CII, Rail Transportation & Equipment Division, Rail Sanraksha Kosh, PPP, Budget 2017-18

Increasing the sanitation coverage of funds under the Swachh Bharat Yojana from 42 per cent to 60 per cent for rural areas is a step in the right direction

February 2017

The Union Budget 2017 has ensured that sanitation is one of the top priorities for the government in the next financial year. Significant development...

Union Budget 2017, Swachh Bharat Yojana, Swachh Bharat Mission, Pradhan Mantri Awas Yojana, MGNREGA, construction

If the industry status had been extended to the real estate sector as a whole, it would have been even better

February 2017

It was a populist budget, with the government mooting a few pro-poor schemes, keeping in mind the upcoming elections. Specifically for the real estat...

Deep Kantawala, CFO-ICS Group, Union Budget 2017-18, Real estate sector

Re-financing is a major step that will increase availability of funds and competition will keep rates reasonable in the market

February 2017

It is a welcome Budget for the real estate sector. The government’s proposal towards reducing Capital Gain Tax to two year shall facilitate in invest...

Budget, Jitendra Mehta, Kanakia Spaces, Union Budget 2017-18, Capital Gain Tax, Affordable housing
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