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Puravankara hails the budget that connects

Will drive positive consumer sentiments

Overall, the budget has identified the priority areas like healthcare and infrastructure that needed a push to propel the nation's growth engine and drive positive consumer sentiments for a faster recovery.

BY ASHISH R PURAVANKARA

Managing Director, Puravankara Limited

The Union Budget 2021 sees enhancement of connectivity across the country by allocating additional funds for strengthening the existing road infra. The focus on roads and bridges has always been a priority, but it is also good to see the rise in fund allocation for healthcare, agriculture, and rural infrastructure.

We are happy to see the impetus given to the infrastructure development throughout the nation, which in turn provides a push to the real estate sector. Additional expenditures on infrastructure will boost trade and open employment opportunities too. 

While the real estate sector didn't have many announcements, the continued tax holiday for affordable houses on purchase and loans will create a conducive atmosphere for developers to construct and encourage buyers to invest. 

It is heartening to see the government introducing new initiatives for women; it will enable more women to contribute actively to the GDP.

Furthermore, migrant labourers will also witness some relief with the first of its kind affordable rental housing scheme, this is line with nations' housing for all vision' and further propel the affordable housing sector.

Additionally, the' one nation, one ration card' brings easy access to food for migrant workers. Better housing, access to food, and healthcare will see an overall betterment in the migrants and their families' living conditions. 

Overall, the budget has identified the priority areas like healthcare and infrastructure that needed a push to propel the nation's growth engine and drive positive consumer sentiments for a faster recovery.

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