By ABHISHEK JAIN
Chief Operating Officer, Satellite Developers Private Limited (SDPL)
The Union Budget 2021-22 continued the government’s focus on the affordable housing sector. The government’s decision to extend tax holiday for affordable housing projects by another year is a step in the positive direction to boost the sentiments among real estate players in the market and achieve the government’s vision of ‘Housing for All by 2022’ for India.
This budget has focussed heavy on infrastructure that will indirectly lift the housing demand especially in the Tier II & Tier III cities. Also, the Government's continuous efforts to promote affordable housing will help the real estate sector business in a long way going forward.