Manoj Gaur, CMD, Gaurs Group and Vice-President, North, CREDAI National on the Union Budget

“The Union Budget 2022-23 was balanced and focused on overall nation’s economy and not just extending benefits to particular sectors. We believe that when all industries stay on the path of recovery and growth, sustenance gains strong ground and all industries get boosted equally. The focus on affordable housing and housing for all looked very strong in today’s budget. Allocation of 48,000 crore for PMAY will go a long way in helping people satisfy their basic need of owning a home. Another important aspect which was day’s highlight and we really appreciate as a developer who develops not just group housing but also townships, is the push on infrastructure and urban planning. With a committee being formed for urban capacity building and planning, I am sure India’s real estate development will no more be confined to few big metros only. Our long standing demand of industry status for the real estate sector remains unaddressed this year and we hope authorities look into it in the coming years.”