IGI Logo

Below are Perspective on Union Budget 2021-22 by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India

“The country has faced an unprecedented event with COVID-19 pandemic, which warranted tough policy measures while walking the fiscal tightrope. In this light, the government has done a commendable job through its investment push.

In context to the real estate sector, budget announcements relating to monetisation of infrastructure and real estate assets will help increase private sector participation and also assist government in enhancing fund flow for development of critical infrastructure assets. The government has also continued its focus on affordable housing segment by extension of tax benefit by one year. Amid the prolonged pandemic scenario, this extension was needed to support the latent housing demand in the country. Further, the relaxation on tax compliance for REIT investors will further improve the marketability of such products considering we are likely to witness new REITs this year”.

Above views are of the author and not of the website kindly read disclaimer