Budget 2022: Real estate players want ‘affordable housing’ redefined, tax relief & more
2 020 was a year of trials and tribulations for the real estate sector, as the pandemic-induced lockdown forced the construction activities to near halt. But, with timely government interventions post the pandemic pause, the sector started looking up, witnessing a revival in the home-buying sentiments. However, with predictions of nearly 35 per cent of the Indian population moving to urban areas by 2030, there is a need for creating more and more urban dwellings, with special focus on affordable housing. In this backdrop, ET Infra talked to a number of real estate developers, proptech providers and construction equipment makers to understand the issues facing them as well as the expectations from the upcoming Union Budget 2022-23. Urban sector development would continue to remain one of the major focus areas in the Budget, felt Debashish Biswas , Partner, Deloitte India. Budgetary allocations are expected to be made for strengthening core urban infrastructure like hous...