Saurabh Garg, Co-founder and CBO, NoBroker.com shares his view on the recent budget

I think one of the big focus of this budget is affordable housing. Finance Minister has proposed to invest 48,000 crores in affordable housing which will give a big boost. Almost 80 lakhs houses would be completed this year itself. Another very interesting thing which we have seen this year in NoBroker’s real report is that water supply is one of the key reasons for choosing locality. Finance Minister coming in and proposing 60,000 crores to provide water supply to 3.8 crore houses is a right step in this direction. Also, I think creating jobs at this moment is the need of the hour with covid impacting the jobs. So, the government creating 60 lacs jobs is going to help the economy in a big way. All the sectors would benefit out of that, especially these people would also drive demand for housing. We would have expected more benefits especially for the middle class and upper class for driving the demand in real estate. I think that is missing from this budget. But overall I would say it’s a budget in the right direction and it’s a positive budget”, says Saurabh Garg, Co-founder and CBO, NoBroker.