By Runwal Group Posted On Feb 03, 2021
Category Residential properties
Nirmala Sitharaman, India's finance minister, had presented the union budget 2021-22 in the Parliament on February 1. As the economy has been badly affected due to pandemic and subsequent lockdown, almost every sector was expecting some good news and announcement for stabilising the situation. The government has offered several benefits for middle-class people and small and medium-sized businesses from different industries to normalise the condition and help the economy get back on track.
Since demonetisation in 2016, the Indian real estate sector is hoping for some good government changes and policies. In the union budget 2021-22, certain government strategies and schemes provide benefits to home buyers, real estate investors, and real estate developers to eventually help the sector.
Runwal Group is known for building premium and luxurious projects. We have some amazing projects that provide maximum benefits to homebuyers. Do explore our spacious flats for sale in Kanjurmarg and other prime locations of the city.
Some of the key benefits and highlights in the union budget 2021-22 for the real estate sector include:
One of the government's main priorities in the budget 2021-22 for the real estate sector was to provide affordable housing for all.
In this budget, the finance minister announced that the government would enable the debt financing of Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InVITs) by Foreign portfolio investors. The suitable amendments would be made in the relevant legislation to help augment funds for the real estate and infrastructure industry. This will enable developers to get huge investments for infrastructure and housing projects with lower interest rates.
To boost the country's infrastructure and improve connectivity to attract homebuyers and real estate investors, the finance minister has announced highway construction projects. As per the announcement, 8,500 km of highways would be constructed by March 2022.
With all the crucial benefits in the 2021 budget for homebuyers and real estate investors, the sector is likely to recover from the previous damages. India's top and reputed real estate developer, Runwal Group, works hard to provide you with modern and spacious apartments at affordable prices. Runwal Group’s latest projects have luxurious flats for sale in Kanjurmarg and other parts of the city. Contact us and schedule your site visit today.