NEW DELHI (INDIA): India’s Finance Minister Arun Jaitley is all set to present the Union Budget for 2017-18 on 1st February.This would be his third full-year Budget. So all eyeballs on his briefcase, what Jaitley is going to present for India.
Lets go through Pacific India’s pre-budget expectations from Jaitley.
“In 2016, the Realty and Retail sectors remained in headlines due to policy level changes – RERA Act 2016), Benami Transaction Prohibition (Amendment) Act 2016, amendments in REITs regulations, GST and Demonetization drive to name a few. These along with the ongoing economic changes, relaxation in FDI are considered to have the potential to change the way sector will shape up in 2017. We are very optimistic about the upcoming budget and pinning our hopes on the Finance Minister. Affordable housing is the key to emerge the sector from the current crisis and our PM’s announcement on reducing the home loans is worth the appreciation. I feel Year 2017 will be good for the Real Estate sector. I foresee 15-20% growth in the sector. The Overall impact will be good on economic growth and momentum,”
Retail – Abhishek Bansal, Executive Director – Pacific India