Real Estate shines on budgetary sops
By Jeet Singh
In order to cash in on the sops, tax benefits and other incentives announced in the Budget 2017-18, realtors of various hues heightened their activities to explore avenues to expand their operational ambit. In the insuring race, the big brands are currently busy to add luxury to affordability and preparing roadmap to launch new projects and the smaller ones, who had earlier slowed down the pace of project execution due to cash-crunch, have bounced back with a bang with renewed alacrity and greater enthusiasm. In fact, in the backdrop of multi-pronged strategies proposed in the Budget, are expected to bring down the cost of funds translating into lower prices triggering higher demand for housing units to finally bottom out recession from real estate sector.
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NBM&CW March 2017
