Question - From the industry point of view as well as yours,was this a fulfilling budget? Will this solve the problem that the industry is facing right now?
Answer - According to Deepak Goradia Vice Chairman and Managing Director of Dosti Realty Limited the developer’s body is happy with the overall changes and suggestions as given in the budget. The future of real estate looks very positive, especially the affordable housing sector.
The affordable housing sector can be defined as 32 built up to carpet area plus the metropolitan limit. All other areas are also exempted. The areas of Mumbai and Thane come under the definition of 60 sq. mts carpet area. This will definitely boost the supply and lead to development from the prospective point of view. The status of infrastructure being an incentive and bank funding will surely help from the developer’s perspective. The changes that have come, will lead to a larger supply in the market.
Deepak Goradia showed complete support and agreement to the Prime Minister’s goal for Achievement by 2022. According to him the industry is heading in the right direction.
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