Punit Agarwal, M.D & C.E.O, Nirvana Realty on the recent budget

The Union Budget continues with the trend of announcing major reforms. This year’s budget mainly focused on infrastructure, MSME & Rural development which is going to bolster the overall consumption of goods & services by the lower & middle class resulting in the increase in nation’s GDP & will make India grow at a faster pace, overcoming the roadblocks of the pandemic. Though the budget was short, it may have more impact in the longer run.

The private housing sector did not have any direct reforms made or benefits but the focus on upgradation of technology is going to play a pivotal and catalysing role in surging the demand for the real-estate sector. I see a consistent growth for the realty sector in the next 5 years.