Budget 2017 Impacts on Infrastructure and Real Estate

Budget 2017 Impacts on Infrastructure and Real Estate

The Union Budget 2017 was presented in the parliament on 1 February 2017. The budget gave infrastructure status for affordable houses and it also promised tax relief for real estate developers. These are some of the positive steps taken by the government for infrastructure and real estate sectors. Here we have explained all budget proposals for real estate and infrastructure sectors and their impacts.

1. The Infrastructure of Roads and Railways

In budget 2017, a total investment of Rs3, 96, 135 Crore on infrastructure is set up by the government. 10% over FY17 revised estimate. The roads and highways allocation was increased up to Rs64,900 Crore from Rs 52,447 Crore.The budget announced that rural roads construction work would be accelerated to 133 km/day in 2016-17 from 73 km/day in 2011-14. And railway was given an 8% increase expenditure and it got the allocation of Rs 1, 31, 000 Crore. Read More…

Credit By : Jagran Josh

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