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Central Budget not promising for builders and developers in India

 

June 24, 2009

 

Many builders and developers in India are not happy with the recent central budget. The major concern is that government has not taken actions and measures to support affordable hosing to the middle class. The tax deductions expectations were higher this time, which should have helped the housing sector.

 

Finance Minister of India had made talks about the slum-free India in five years, but the budget proposal is not supporting the measures to reach that aim. For this India needs to support and facilitate houses for middle and low class home buyers. Several organizations of builders and developers in India reported concerns over this policy in the recent budget from India government.

 

The construction sector in India is considered to have a major role in the economic development of India. But it seems the recent budget has not taken into consideration these points – many developers and builders comment. These comments are coming in midst of the news that high profile individuals may start investing in Indian real estate market and construction sector.

 


 

                   


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Area : 1370 Sq. Ft
Price : 45 Lakhs  (Negotiable)



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