Mr Pankaj Kumar Jain Director KW Group and VP CREDAI Ghaziabad

“ The finance minister has announced key plans such as 1 cr houses to be made with an investment of 10 lakh crores and 14 cities with more than over 30 lakh population to be further developed. This will bring a huge opportunity for the real estate developers fuelling the growth of the sector. Increasing standard deduction from Rs 50000 to Rs 75000 will also reduce the tax burden and reduction of long term capital gain tax is a good move and will help in the growth of the sector . Although we welcome the budget and it should fuel the sector’s growth, the government has to still look into the key demand of the sector such as industry status , GST reduction , ease of doing business , incentive for affordable housing and reduction of interest rates .