The Finance Minister, Nirmala Sitharaman, presented a very ambitious and forward-looking budget for 2021, making a strong statement to the world that India is open to reforms and is poised to create a better business and investment atmosphere for the world to look at.
The Govt has taken a decisive step to fuel growth by Capital Expenditure on Infrastructure, Healthcare, and Facility Building. It was also observed that Govt is ready to raise funds by monetizing land and other assets to mitigate the need for Capex, recapitalizing banks, and also handling the stress in banks and NBFCs
What did REAL ESTATE get?
My Understanding of Budget 2021 & Real Estate
I am thrilled by the Govt’s approach to handling the crisis and how tabled to take the country out of the health crisis and the economic crisis onto a growth trajectory. The thought process shows that the government is ready for privatization, debt financing, asset monetization, etc. Kudos to the central government for such a proactive approach.
The critical point is the execution of these policies, which has always been questionable.
Real Estate has not directly benefitted from the Budget, but I see many positives besides the ones mentioned at the start of the write-up.
In Short, The Budget is all good, and I would rate it 7 / 10..
Disclaimer: Content and opinion expressed here is solely mine, and stems from my experience and observations of the industry.