July 1, 2019

Real Estate Sector expects a massive boost from Union Budget 2019

Rakesh Reddy, Director, Aparna Constructions, Multiple Sources

The Union Budget was presented on 9th July 2019, by the Finance Minister. The real estate sector expects the budget to take supportive measures that will bolster the momentum that the industry has gained. The sector also looks forward to a streamlined approval process with Single Window Clearance. This will ensure project approvals to be processed more quickly, resulting in reduced construction costs, thereby substantially reducing property costs.

The sector is expected to employ over 60 million people and reach USD 180 billion by 2020 comprising 11% of the GDP.

Our Director Mr. Rakesh Reddy discussed what the Realty Sector could expect from the Union Budget 2019 with the following information portals. Click on the links to read the articles.