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A Constructive Budget

The construction equipment segment in India has something to cheer about from the Budget measures such as more fund allocation to rural roads and highways construction, and announcement of infrastructure status to affordable housing.

Budget Reaction | House of Hiranandani

I would term it as a reform-oriented budget where the expenditure was well directed towards economic growth and development, especially in the rural areas. It also reflected the government?s concern and priority to improve the investment climate with a view to stimulate growth. The massive push for improvement in infrastructure including record capital expenditure for roads, railways will indirectly benefit the real estate sector in the long run.

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