India’s real estate sector, particularly in rural areas, will get buoyant under the availability of dedicated funds for growth.
Harshavardhan Neotia, Chairman, Ambuja Neotia Group and former President of FICCI, the budget lays a clear focus on increasing farmers’ income. This will boost consumption; which in return gives a fillip to the real estate sector.
“Real estate is a function of multiple parameters and bearing of the overall economy. So if there is an overall boost to the economy through farm spending and so on, then we will see a rub-off effect on the real estate sector,” he told BusinessLine.