Union Budget 2022: Infrastructure, Industrial, and real estate sectors expectations

Currently, the Infrastructure, Industrial, and real estate sectors are facing adversities and challenges, and thus are the expectations from the upcoming Union Budget 2022. The secondary sector thus requires reforms and incentives.

There are expectations from Union Budget 2022 for investments in infrastructure and capacity building. The upcoming budget is expected to be of blow of luck for the infrastructure sector.  The budget expects a plan for aggressive implementation of Gati Shakti (National Master Plan for Multi-modal connectivity). This step will be a landmark for progressive economic growth in India.

With the advent of Digitization and urbanization, though the real estate and infra sector have been witnessing drastic changes in the recent years, taking the graph upwards, some of the factors like – shortage of liquidity, increasing raw material prices, issues with land availability, tedious and tie taking lengthy approval processes, are worrying industries.

With the secondary sector making great efforts to overcome the pandemic, from the upcoming budget 2022, the existing tax exemption on housing loans should be increased. Personal income tax should be made easier, by the experts as per sources.

It is due to the pandemic when the real estate sector has seen changed and introduced innovations which we can absolutely believe will help aid the sector’s growth in upcoming years. Already the sector is seeing substantial growth of residential sales, the commercial and the industrial real estate segment is also likely to upthrust.