Bijay Agarwal, MD, Sattva Group feels this is a balanced budget

The Finance Minister’s digitally presented budget rightly represents the significant balance between growth and fiscal foresight for the Real Estate sector. The government’s move to create a high-level committee for urban planners and economists, for recommendations on urban capacity building, planning implementation, and governance, is an exceptional step to promote the growth of the sector.

We are delighted with the government’s decision to provide easy financing for data centres and energy storage systems. This step by the government will boost India’s stature as a leading data centre hub, on the global stage. This is a step in the right direction, to give further impetus to Digital India.

The allocation of 48,000 crores for PMAY, 80 lakh homes under PMAY, single-window environmental approvals, better co-ordination between the Centre and states for approval processes, and uniform registration of deeds, will provide the much-needed boost to the affordable housing segment. The announcement is in tandem with the industry’s aim to promote and boost the affordable housing segment to achieve the vision of Housing for All. The thrust on capital expenditure which saw a hike from Rs 5.54 lakh crore in the current year, to Rs 7.50 lakh crore in 2022-23, will play a significant role in boosting the economy.