We applaud our Finance Minister’s vision of presenting a futuristic and growth-oriented budget with a focus on inclusive and sustainable development. Strong provisions for enabling a green economy, increased capital outlay, and focus on urban infrastructure will further boost the sector.
Announcements like Rs 10,000-crore fund for urban infrastructure development and a focus on improving connectivity across cities will increase growth opportunities.
The government’s vision for building sustainable cities of tomorrow is also a welcome move to uplift the ESG focus of real estate companies.
Additionally, the increase in capital investment outlay by 33 per cent to Rs 10 lakh crore, amounting to 3.3 per cent of GDP, will have a positive effect on the overall economic growth of the country.
Senior Managing Director & Country Head, Hines India