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Construction & Infrastructure News

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

The proposal to extend the completion period of building of houses from the present three years to five years is logical and commonsensical

February 2017

The Union Budget announced is a pro-growth budget and a step in the right direction. We, at Sobha, welcome it whole-heartedly. The focus on affordabl...

Union Budget, JC Sharma, Sobha, MSME, Real estate

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

We will now see the launch of more and more affordable housing projects in the country

February 2017

Through the announcements made in the Union Budget 2017-18, the government continues to work on its reformist agenda. Extending the incentives for lo...

Gaurav Jain, Jindal Realty, Pradhan Mantri Awas Yojna, Housing for All by 2022, Union Budget

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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