Anil Pharande, CMD – Pharande Spaces shares his expectation from Union Budget 2016
From the real estate sector’s perspective, there are many aspects that the Union Budget should address this year. One of the foremost is further reducing the bureaucratic red tape involved in project development. Expedited clearances for a larger segment of residential projects will be a key for reducing project delays. An announcement that streamlines the process of obtaining clearances will go a very long way in boosting the real estate industry. (Also Read-Union Budget 2016: Here’s what Arun Jailey should do to boost power sector)
We also expect the budget to make announcements regarding the regulation of construction material costs, and to make generous allocations for the development of infrastructure to support the growth of new areas where cost-effective real estate can meet the express need for affordable housing.
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