Real Estate in the Budget... 'Hope and Disappointment'!
The real estate sector has given a mixed response to the budget. Experts say that real estate will pick up in Tier-2 cities due to infrastructure projects like metros, highways, and railways. However, CREDAI expressed disappointment over the lack of incentives for affordable housing. It warned that costs would increase and the construction of new houses would decline. It stated that even if new areas develop due to infrastructure, the dream of owning a home will remain out of reach for the common man.
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