Mr. Kamal Khetan, Chairman & Managing Director, Sunteck Realty Ltd
The 2023 Union Budget appears to be balanced and encouraging. It has essentially given every sector some benefits that will help businesses accelerate their growth graphs.
The PMAY budget, which has been increased by 66 percent to Rs 79,000 crore from Rs 48,000 crore, will help to significantly increase affordable housing and achieve the goal of housing for all. The budget also focuses on Green Growth which will lead to sustainable ecosystem development promoting efficient transportation systems and energy storage systems leading to better housing infrastructure.
The budget has focused on capital expenditure as good consumption. Overall, it is a progressive budget that will undoubtedly encourage the real estate sector’s expansion.