Devangshu Datta : Will the Budget enhance realty demand?

February 08
02:38 2017

Devangshu Datta The Economic Survey acknowledges the demonetisation had a negative impact on the real estate sector, on construction, and presumably on the offtake of materials like paints, cement, etc. Since these industries absorb a great deal of labour, associated lay-offs led to pain for industries like FMCG.   The Budget acknowledges this impact tacitly by offering a series of sops for the real estate industry. It also contains one tax provision, which may well impede investments into the industry. “Affordable Housing”, meaning units that target lower-income and middle-income groups …

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