बजट 20 22 . के बारे में Realtors क्या कहते हैं
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What Say Realtors About Budget 2022
Social welfare is the topmost priority for a
nation aiming at growth and stability in the wake of a pandemic. The Union
Budget thus rightly focussed on a host of social welfare measures as a booster
recovery growth shot. The infrastructure commitment to allocate ₹ 48000 crores
under the Pradhan Mantri Awas Yojana (PMAY) was the most significant among
these. The commitment to complete 80 lakh houses in 2022-23, along with the
allocation of ₹ 60,000 crore to provide tap water to 3.83 crore homes, is a
step towards nation-building in a phase of economic recovery. Let’s see what
say real estate industries about Union Budget 2022.
Dhruv Agarwala, Group CEO, Housing.com, Makaan.com
and Proptiger.com
“In a Budget that aspired to boost private
consumption and create jobs to improve the economy in the backdrop of the third
wave of the coronavirus pandemic, a variety of measures have been announced by
Hon’ble FM Nirmala Sitharaman that would go a long way in meeting the twin
targets. The provision of INR 48000 crore under Prime Minister Awas Yojana for
completion of 80 lakh houses will help the government achieve its target of
Housing For All.”
Manoj Gaur, CMD, Gaurs Group and Vice-President,
North, CREDAI National
“The Union Budget 2022-23 was balanced and focused
on the overall nation’s economy and not just extending benefits to particular
sectors. When all industries stay on the path of recovery and growth,
sustenance gains strong ground, and all industries get boosted equally. The
focus on affordable housing and housing for all looked very strong in today’s
budget. Allocation of 48,000 crores for PMAY will go a long way in helping people
satisfy their basic need of owning a home.”
Pradeep Aggarwal, Chairman of Signature Global
Group
“The Government has always focused on affordable
housing, and in this Budget, the announcement was made regarding the allocation
of INR 48,000 crores for PM Awas Yojana, and completing 80 lakh houses in
2022-23. A balanced budget took care of the overall economic development,
including improving multi-modal transportation in cities and increasing the
highways by 25000 km.
Amarjit Bakshi, CMD Central Park,
“We anticipated a budget that is both people and
business-friendly; the current Budget made it clear that economic growth is the
prime focus as the Economic Survey projected a GDP growth of 8-8.5 per cent in
the next fiscal. The emphasis on improving transport infrastructure, including
highways, will go a long way in creating sustainable pockets of real estate
development. Though there was no announcement related to the sector, we are
hopeful that job creation and the announcement of Ease of Doing Business 2.0
will lead to increased demand.”
Uddhav Poddar, MD, Bhumika Group
“This year’s budget focus was more on boosting the
overall infrastructure, urban planning etc., not just in metros but also to
Tier II-III cities. The measure of setting up a high-level committee for
urban planners and economists to be formed for recommendations on urban
capacity building, planning implementation, and governance is a giant leap to
introduce modern urban planning structures. Overall, the Union Budget 2022-23
had a mixed bag of announcements for the real estate sector; much was expected
on the terms of single window clearance, industry status and tax incentives
which did not come through.”
Nayan Raheja, Raheja Developers
“The real estate sector's long-standing demand has
not been addressed in Budget 22-23. We've been requesting industry status for
the entire sector and single-window clearance to ensure smooth operations, but
the government has yet to respond. Overall, Hon'ble FM's budget announcements
appear to be a mixed bag from a real estate standpoint. While the anticipated
expansion of smaller cities and infrastructural improvements can be considered
as favourable developments for the sector.”
Amit Modi, Director ABA Corp, President, CREDAI
Western UP
“The sector had hoped for some tangible
announcements like industry status and GST input tax credits for developers in
this year's Budget, but these did not happen. At the same time, we welcome INR
48,000 crore allocation for PM Awas Yojana and the identification of nearly 80 lakh
households for the affordable housing scheme in 2022-23. We also look forward
to recommendations of the government formed a high-level committee for urban
planners and economists to be formed for urban capacity building, planning
implementation, and governance.”
Abhishek Bansal, Executive Director, Pacific Group
“We congratulate the FM for coming up with a Budget
with a focus on overall economic health; the announcement will lead to
better-earning opportunities for people directly impacting the retail sector.
We can see the retail and commercial segment moving to more Indian cities as
infrastructure will improve after various announcements in the Budget. Though
there was not much in terms of tax savings for people, overall economic growth
will lead to increased income that will support retail consumption.”
Ankit Kansal Founder and MD, 360 Realtors
“Despite very high hopes, the budget so far has
been a little disappointing for the Indian Real Estate industry. There has been
a slew of sector-specific policies for industries such as chemicals &
fertilisers, gems & stones, steel, defense, animation, electronic
appliances, etc. Meanwhile, nothing very concrete has been announced about real
estate. However, there have been a couple of positive outcomes.”
Prateek Mittal, Executive Director, IIT Alumni at Sushma Group
“Indirectly, the real estate sector will benefit from focusing on
infrastructure, innovation, and job growth. The Government also talked about
urban development, where it will nurture the megacities as centres of economic
growth and focus on tier II-III cities to develop a sustainable growth
environment. We foresee an influx of financial institutions focusing and
investing in tier II - III cities, which will ease the liquidity and boost the
sector, providing people with varied housing options.”
Sanjay Sharma, Director, SKA Group
“As expected, Affordable Housing was once again the
focus as the Government is moving towards 'Housing for all' by announcing the
completion of 80 lakh houses under PMAY and allocation of INR 48,000 crore
under the PM Housing scheme. The Central Government will work with state govt to
reduce the time for land and construction-related approvals promoting
affordable housing for the middle class and economically weaker section in
urban areas.”
Vikas Garg, DMD, MRG World
“We are happy that the focus of the Government is
on providing affordable housing; the announcement to come up with 80 lakh
houses under PMAY for urban and rural areas calls for a concerted effort of
Government and the developers. The focus on improving transport will definitely
help develop affordable houses, which is a precondition of the buyers.”
Aman Sharma, Director Spaze Group
“One step to encourage people to buy homes is to improve the economy,
and Budget 22-23 had everything required to kick start a healthy economic
growth. Improved transportation and expansion of highways will lead to the
demand for more commercial real estate. Support to startups and MSMEs will
create an environment that will require more office spaces, even in Tier II-II
cities.”
LC Mittal, Director, Motia Group
“Improvement in transport infrastructure and highways will go a long way
in making people move to smaller cities; the announcement regarding developing
a sustainable growth environment for these cities will further lead to a
uniform economic development creating real estate demand. We welcome the Budget
as it works towards the overall growth of the economy and reaches the target of
8-8.5 per cent GDP growth as predicted in the Economic Survey.”
Akshay Taneja - MD, TDI Infratech
“We are delighted that the Government has talked about strengthening
tier II and III cities; we are sure that this will encompass job generation and
business development in these cities leading to the increased demand for
quality housing. There was no particular incentive for the real estate sector,
but the probability of increased demand in smaller cities points towards a
healthy growth for realty.”
Saurabh Garg, Co-founder and CBO, NoBroker
“I think one of the big focuses of this budget is
affordable housing. Finance Minister has proposed to invest 48,000 crores in
affordable housing, which will give a big boost. Almost 80 lakhs houses would
be completed this year itself. Finance Minister coming in and proposing 60,000
crores to provide water supply to 3.8 crore houses is a right step in this
direction.”
Aman Trehan Executive Director Trehan
Iris
“The Union Budget 2022-23 has done an excellent job
of ensuring that the economy recovers fast from the disastrous impacts of the
global Covid pandemic. We are confident that the boost to the real estate
sector provided by a high-level committee of urban planners and institutes
charged with formulating policies for India's sustainable urban development
will usher in a prosperous period for the industry.”
Vaibhav Jatia, Managing Director, Rhythm ResiTel
"While the government’s focus remained towards
promoting affordable housing, mid and high-income housing continues to be
adversely high-income high levels of taxation, both direct & indirect.
Effective 12% GST payable by the end buyer towards purchasing a new house
dampens the sale velocity of projects. Whether developed or developing,
taxation is high for property transactions in no other country.”
Punit Agarwal, M.D & C.E.O, Nirvana Realty
“The Union Budget continues with the
trend of announcing significant reforms. This year’s budget mainly focused on infrastructure,
MSME & Rural development, which willster the overall consumption of goods
& services by the lower & middle class increasing in the nation’s GDP
& will make India grow at a faster pace.”
Ashish Bhutani, Chief Executive Officer at Bhutani
Group
“Budget 2023 is a futuristic budget with its focus
on infrastructure, warehousing, logistics and urban planned development besides
improving connectivity through Gati-Shakti master plan for expressways.
Further, we welcome the honourable Finance Minister’s announcement of the
allocation of INR 48000 crore for housing projects under the PM Housing Scheme.”
Rizwan Sajan,
Founder and Chairman, Danube Group
“Budget 2022-23
has the provisions for the modernisation and up-gradation of the country’s
infrastructure that will fuel more demand in the real estate sector which is
expected to reach US$ 1 trillion in market size by 2030.”
Sudarshan
Lodha, CEO & Founder, Strata
“Considering
the importance laid on digitisation of technologies and sectors, I would like
to congratulate FM for promoting of use of deep tech and online interface
across sectors to drive digitisation and ensure greater transparency. As real
estate is the second largest contributor in employment generation and
contributes over 10% of the total GDP, it is extremely encouraging to see
budget laying policies for boosting infrastructure and introducing taxation
benefits for real estate investments.”
Aryaman Singh,
Founder & CEO, MYRE Capital
“Budget 2022 is
high growth-oriented that propels capital expenditure. The boost provided by
the government on affordable housing will be beneficial to the continued
housing demand post-COVID-19. It will also encourage prospective buyers to
avail more benefits and invest in real estate. With the initiation of the PM
Gati Shakti, there will be a rise in infrastructure developments, which will
gradually lead to growth in the commercial real estate sector and thus help
accelerate the economy as a whole.”
Ajay Chaudhary, Chairman and
Managing Director, Ace Group
“The budget presented by the honourable finance
minister enframes a promising future for the real estate industry with the much-introspected
PM Housing Scheme, which accrues a huge allocation of INR 48000 crore in FY-23
for housing projects apart from single-window green clearances. This move will
help the real estate sector streamline the construction of affordable homes.”
Malini Saba, Founder & Chairman, Saba Group
“The Union budget focuses on clean technology,
sustainable urban life, better governance, and especially the government's
commitment to systematic urban growth, with a strong focus on finding the right
balance between metropolises and Tier 2 and Tier 3 cities. Extending the
highway network by 25,000 km as part of PM Gati Shakti's master plan will
transform the infrastructure sector to enable integrated, seamless and timely
delivery of projects within budget.”
Bijay Agarwal, MD, Sattva Group
“The Finance Minister’s
digitally presented budget rightly represents the significant balance between
growth and fiscal foresight for the Real Estate sector. The government’s move
to create a high-level committee for urban planners and economists for
recommendations on urban capacity building, planning implementation and
governance is unusual to promote the sector's growth. We are delighted with the government’s decision to
provide easy financing for data centres and energy storage systems.”
Rajesh Jaggi,
Vice Chairman - Real Estate, Everstone Group
"It is
encouraging to see that improving India’s logistics infrastructure has been a
key agenda for the ruling government. In support of the government’s vision,
the Union Budget 2022-2023 has prioritised the logistics sector and extended
further impetus for growth.”
Krishan Agarwal, Head of Finance, 75F, India
"The 2022 budget gives impetus to energy and infrastructure as one
of the focus areas. The Government has factored in various projects that could
boost the country's infrastructure and economy. The emphasis on CAPEX expansion
will also assist organisations in expanding their operations and pursuing new
growth opportunities.
Shubham Jain, Chief Business Officer, Real Estate
and Infrastructure, CredAvenue.
“One of the key goals outlined by the government
through this budget is to rely on the virtuous cycle starting from private
investment, with public capital investment acting as an enabler for private
investment.”
Anil G Verma,
Executive Director and President, Godrej & Boyce
“The Budget for FY 2023 holds a lot of promise for
the economy. It has a thrust for the social sector with investments in primary
and vocational education, provision for drinking water to reach more households
and the extension of the PM Awas Yojana to provide housing. In addition, its
outlay for procurement of agricultural produce will reward the farmers for
their effort and put money in their hands which will help to propel consumption
demand.”
