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Construction & Infrastructure News

The relief in capital gains tax on real estate properties is a welcome step as it would help enhance investment as well as demand in real estate

February 2017

The Budget for FY2017-18 has the potential to give the much needed impetus to affordable housing in the country. The Real estate developer community ...

RK Arora, Supertech, Union Budget, Credit Linked Subsidy Scheme

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

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
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