The budget is a capex-oriented budget, covering all major macro-economic growth engines, that includes infrastructure, housing and MSME sectors. The government’s focus on the creation of 80 lakh affordable housing units by 2023 and allocation of Rs. 48000 crores towards the PM Awas Yojana, will go long way to support housing and allied sectors.
The Real estate sector is bouncing back from post pandemic, and the proposal of expanding highways in the country by 25,000 kilometres and focus on urban infrastructure will give it support it requires. To bring trust and transparency to the whole sector, the government’s ‘One Nation, One Registration Software’ will prove to be a pivotal step. The process promises to bring uniformity to ‘anywhere registration’ of deeds and documents and ease the systemic lock jam.