Budget reaction: Real Estate Industry

The 2022 budget will boost the affordable segment in the housing real estate sector. Allowing allocation of 48000 crores, under PM housing plan and allocation of INR 60,000 crore to cover 3.8 crore households for tap water will boost the affordable housing segment immensely.

Also government’s focus on urban development will push employment in the urban cities and encourage upcoming talent. With more employment, the spending capacities of households will increase, which in turn will boost the overall economy and with this we expect to further improve the housing market,as the sector just needs positive sentiment.

The author of this article is Sakshee Katiyal, CEO of Home & Soul

The views and opinions expressed are not of IIFL Securities, indiainfoline.com