Infrastructure development in India is being given topmost priority since the past several years. Since the economy of the country is a growing one its development is highly dependent on infrastructure development. However development of infrastructure requires huge capital investments. Even infrastructure development projects require a long gestation period for completion. These are significant challenges faced by this sector. In addition the growth of infrastructure gets hampered at times because of issues which are environmental, land related and legal.
The growth of the infrastructure sector is very crucial for the real estate sector. The country’s real estate investment market is an emerging one. Some of the top real estate investment locations of the world are located in India. Indian cities like Mumbai, New Delhi and Bangalore are ranked 3rd, 5th and 10th as most preferred locations for real estate investment. Therefore the real estate sector of India has the potential to offer huge investment opportunities.
Developers admit that it may not be possible to address all the problems faced by these two sectors through the annual budget. However they suggest that if tax reforms are provided and directional policy measures are taken a lot can be achieved. Therefore there are expectations from all quarters that the Government will make the upcoming budget more entrepreneur and investor friendly.
The growth of the infrastructure sector is very crucial for the real estate sector. The country’s real estate investment market is an emerging one. Some of the top real estate investment locations of the world are located in India. Indian cities like Mumbai, New Delhi and Bangalore are ranked 3rd, 5th and 10th as most preferred locations for real estate investment. Therefore the real estate sector of India has the potential to offer huge investment opportunities.
Developers admit that it may not be possible to address all the problems faced by these two sectors through the annual budget. However they suggest that if tax reforms are provided and directional policy measures are taken a lot can be achieved. Therefore there are expectations from all quarters that the Government will make the upcoming budget more entrepreneur and investor friendly.
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