Budget 2021-2022 : Real estate sector expectations
The adverse effects of the pandemic are already being felt across the world, but for the real estate sector it started much before, demonetization flattened the curve and the GST wave withheld the market. A health emergency forced launched the biggest ever work-from-home experiment globally, putting a question mark on the relevance of workspaces in a post-Coronavirus world.
Although, experts believe that better days are expected in 2021, amid growing importance of home ownership among buyers and investors, the demand for residential real estate would be high in the coming year. Real estate sector outlook 2021 by Dr. Samantak Das, Chief Economist & Head Research & REIS, JLL India.
Have the government and the Reserve Bank of India (RBI) done enough to bail out the economy – and by implication real estate? After all, the realty industry remains one of the most precise bellwethers of the state of India’s economy. Given that real estate contributes more than 8 percent to the Indian economy, it has justifiable expectations. What the real estate sector expects from Budget 2021-2022, by Mr. Ashok Mohanani, President, NAREDCO Maharashtra.