Sandeep Runwal – President, NAREDCO Maharashtra and Managing Director, Runwal Group on the Union Budget
The Government's plan to launch ‘Ease of Doing Business 2.0' is a step in the right direction
”For the first time the Finance Minister has sought to transform the real estate sector by bringing in transparency and efficiency in the business. This will help to reduce the cost of transaction and will ultimately benefit the homebuyers.
The Government’s plan to launch ‘Ease of Doing Business 2.0′ is a step in the right direction and it’s continuous efforts to promote the same along with digitization will help the economy and the real estate sector business going forward. Single Window clearance mechanism too will go a long way in improving ease of doing business in India. This should include more dynamic aspects and make India a more investment friendly destination.
In 2022-23, 80 lakh households will be identified for the affordable housing scheme and Rs. 48,000 crore allocated for PM Awas Yojana. This together will boost the affordable housing segment and help to achieve the Prime Minister’s vision of Housing for All. Also, the 60,000 houses to be identified as beneficiaries for PMAY in rural & urban areas will ensure that more and more homebuyers get to avail this benefit.
As anticipated, it’s a very futuristic budget focusing on economic recovery benefitting from public investment and capital spending.”
