Indian Union Budget 2021-22: With the Union Budget 2021 round the corner, there are expectations galore that the government will do its best to help revive the sectors and industries which have been hit hard by the Covid-19 pandemic. No wonder, real estate is also betting big on this year’s budget for revival of fortunes.
According to industry experts, apart from making necessary interventions through fiscal support, liquidity infusion as well as reform-driven investments in the initial leg of relief measures, both the government and the RBI have in recent months rolled out other critical measures like loan moratorium, one-time restructuring of corporate and personal loans, among others to help the sector.
“These measures and concessions have definitely helped in enhancing consumer sentiment, thus boosting consumption, resulting in increased traction in the real estate sector. However, while we have seen a continuance of recovery in the fourth quarter which started in Q3 2020, the actual market transaction volumes continue to be lower compared to the pre-Covid levels,” says Ramesh Nair, CEO