Budget 2015: Grant infrastructure status to real estate sector

By Prashant Solomon

Given the development agenda and reform measures taken up by Modi government, 2015-16 will be a year of the revival of growth for the Indian economy. We are very positive about the upcoming Union Budget 2015.

The government need to focus on some policies and reforms in the field of disinvestment, tax infrastructure, clearances and policy decisions like granting of infrastructure status to the real estate sector and the reduction of home loan rates to give the much desired boost to the sector.

Also, focus on APEX body to regulate prices of construction key materials like cement, iron, concrete etc by putting upper ceilings on the prices which will enable a smooth urban infrastructure roadmap.


(The writer is Managing Director, Chintels India and Member-Governing Council, CREDAI- NCR)