Is affordable real estate sector boost economy growth?

Vikash V, Ahmedabad

4th February 2015

Real estate News in Ahmedabad

ahmedabad real estate projects

infrastructure development

affordable housing in gujurat

indian economy

gujurat realty market

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As per sources, the real issue is the incentives offered for the creation of mass housing. Even, if it requires some policy changes that will make the cost of funding lower for affordable housing, it would be worth it. Promoting rental housing is another significant issue to be addressed in the upcoming union budget. Of course, complete pass-through status to Real Estate Investment Trusts (REITs) is equally critical for the turnaround of the sector.

Sanchita Chanda, Ahmedabad

4th February 2015

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Hi Vikash ,
Budget expectations are many like interest rate has to reduce, employment has to increase, implementation of 7th pay commission is needed, good and multiple connectivity of cities is required, single window clearance system has to be granted for businesses, corruption must be curbed, P GST has to be implemented and stalled large infra projects have to restart.

lekshmi.sanjeev@ymail.com, Delhi

5th February 2015

@ Mr Vikash ,

In such a scenario, this budget is certainly going to be different because government coffers too are at impressive level, which could support lots of social and infra projects. I look forward to many infra projects in and around Ahmedabad and other cities of Gujarat. Further, fiscal deficit and inflation is in control which would also help government in budgeting such sectors which were ignored for quite some time. In a nutshell, this budget could be closer to reality than making just aspirational announcements.

Neha Srivastava, Delhi-NCR

5th February 2015

Hi Mr Vikash ,
Developers are looking towards Ahmedabad and markets around for affordable homes. The sector is patient with the government with a confidence that the intent and direction of the government is pro-sector. Experts believe that the turnaround of the fortunes of the sector will be visible post the union budget as this will be the first Full Budget of the Government, something that shows a clearly defined road map for the future.

Anu Dhiman, Chandigarh

6th February 2015

@ Vikash ji,

As per my knowledge, the good part is that the government is conscious of the needs of the real estate sector and its co-relation with the revival of the economy at large. So, I feel that the budget, which otherwise is more of a vision statement of the government, will have something more this time. Of course, the focus on infrastructure development itself will solve many problems.

Tarun Shah, Ahmedabad

7th February 2015

@ Vikash,

According to me, if some radical improvements in regulatory environment come through with this budget, real estate sector will attract huge amount of capital and resources, which will bring down the cost and make living affordable to all. Analysts point out that even though some SOPS are very much expected with the budget ahead, just changes in budget cannot alter the situation.

Vikas Modi, Ahmedabad

7th February 2015

Hi guys,

According to me, now, the time has come to convert words into action. Touching emotional chord and creating hype would not be sufficient any more for keeping the business confidence index high. Thus, budget should follow the implementation quickly to see the real change in otherwise dim situation. Sudden turnaround does not look feasible but there would be some real and firm growth in different sectors and development at macroeconomic level. This could be a dream budget where the government can fulfill all the dreams due to its strength and desire to do so.

Kamal Shekhawat, Ahmedabad

8th February 2015

@ Mr Vikash,

In my point of view, to regain the confidence in real estate, the government must win the confidence of the home buyers first and for that low interest rate, low inflation and encouraging buyers through tax incentives are much needed. Moreover, additional land parcels should be made available to curb the ever rising land cost, thereby, making affordable housing and housing for all, a reality .Union Budget 2015-16 is hence, expected to answer a long list of queries.

Chandan Thanki, Ahmedabad

9th February 2015

According to me, the industry observers also maintain that since the government came to power on promise of providing relief to inflation-hit common man amid falling growth, stagnating investments, high fiscal deficit and external crisis, there are reasons to believe that the government will fuel the wheel of growth where real estate is an important segment. Hence, there is expectation that the budget would lead to more affordable housing across the state.

Nandakishore, Ahmedabad

4th February 2015

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Hi Guys,

Although, the developers have a long budget wish list this time too, they are also conscious of the fact that they have to go a long way with the government and hence, there is a need to bridge the trust deficit. Analysts point out that this realisation is both ways and is good.

Devesh Kumar, Ahmedabad

4th February 2015

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In my point of view, this is definitely a welcome change in the outlook and is visible with both the developers and the government. Both the policy makers and the developers seem to be gradually coming on the same page as far as the legitimate causes and concerns of the sector are concerned.

Sujan Mitra,

4th February 2015

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Hi Mr Vikash ,
There is definitely certain level of realism within the built environment of Gujarat real estate on the eve of the Union Budget 2015-16. Unlike many other markets where the respective developers' body proposes and the government disposes, in Gujarat, the developers are firmly footed in the reality that the days of confrontation with the government are over their budget wish list.

Jyothi J, Ahmedabad

4th February 2015

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