Govt action to push infra development will lead to housing growth

Q: It is really a good news that realty experts jointly appreciated the government for its initiatives to boost infrastructure growth across the country in its Budget 2015-16.

Supratim,

12th March 2015

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commonfloor.com

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Replies (5)

Good Morning Guy's,
Finally, PM Narendra Modi's "Housing for all by 2022" scheme to be launched by mid of June'2015. The government is getting ready to launch PM Narendra Modi's most committed scheme "Housing for all by 2022". Modi is probably to launch the scheme as an umbrella mission after recounting all affordable housing schemes and slum redevelopment projects.

Manisbapu, Mumbai

28th May 2015

Comment

I would like to say thanks to MR. PM after the successful 1 year of their Govt. Recommendable jobs.

Have the urban and rural development ministries have finalized their specific elements for providing 6 lakh houses across the country.

Devika, Mumbai

28th May 2015

I think nation should proud after getting PM like Narendra Modi.

Both the urban and rural development ministries have finalized their respective components for providing 6 lakh houses, 2 lakh in urban areas and 4 lakh in rural areas.

Manisbapu, Mumbai

28th May 2015

But speaking on a positive note, Sanjay Ramanujam, CEO, BCIL, said that further development of infrastructure, as promised in the budget, would lead to rapid urbanisation and growth in the housing sector across the country.

Pavan Jain, Delhi-NCR

13th March 2015

Comment

Further, Praveen Kumar, COO Commercial and Retail BREN Corporation stated, that the budget absence clarity in regards to provisions for making housing for all a reality. Even though the government mentioned about 6 crore housing units (2 crore urban and 4 crore rural housing) to come up by 2022, it failed to talk about the support it would provide to bring into operation it.

sonyarai,

12th March 2015

Comment

@sai kUmar,
Analysing the Budget in detail, Irshad Ahmed, President, Irshad Property Matters, labelled it as both surprising and a little disappointing as it failed to touch upon the realty sector directly. But speaking on a positive note, he mentioned the example of the progress of Delhi-Mumbai Infrastructure Corridor and emphasized upon the importance of infrastructure projects on the realty sector.

sonyarai,

12th March 2015

Comment

@Sonyarai,
He is right with his point of view. if infrastructure projects are well implemented, a lot of developments could happen including improved connectivity between cities and the quality of living of the people.

Sai Kumar, Greater Noida

12th March 2015

Right Supratim,
In a recently conducted boardroom discussion, organised by commonfloor.com in Bengaluru, realty experts jointly appreciated and they termed it as a good step in the right direction because infrastructure growth will unswervingly effect the real estate sector at large.

sonyarai,

12th March 2015

Comment

At the same time the panel felt that the budget didn't meet their expectations as it didn't do any thing extra for realty market which were of most important in bringing back consumers into the market. There were many expectation from this budget some of these common issues included Industry Status, incentives to boost Affordable Housing, relaxation in taxes, land reforms, amongst others.

Sai Kumar, Greater Noida

12th March 2015