The real estate sector is one of the most important contributors to the development and growth of the country. The announcements of key decisions by the government is always awaited. The sector has welcomed the budget decisions which have improved buyers’ confidence and helped in reviving the realty sector in past years. The real estate industry hope for favourable financial decisions in budget 2020. Santosh Agarwal, CFO, AlphaCorp shares his views on the expectation from the budget 2020.
“We hope that the Union Budget 2020 will have announcements and measures which will create a positive impact in the long run. The grant of industry status has been a long standing demand of the real estate sector, if implemented it would raise low cost loans within the system and the benefits would be passed on to the consumers. The sector hopes quick implementation of AIF for the completion of stalled housing projects strengthening the market sentiments. We also expect the government to address the demand of single window clearance mechanism. An online single window clearance is need of the hour which would help in expediting the multiple approval process and boost transparency in the system. To revive the confidence of both buyers & investors and development in the real estate sector, we expect the execution of land reforms and greater liquidity to NBFCs in the market.”
— Santosh Agarwal, CFO, AlphaCorp
