Real estate players said on Monday the Union Budget 2021 contains several measures to strengthen infrastructure and attract investments for kickstarting the economy amid Covid-19 pandemic.

Shishir Baijal, Chairman and Managing Director of Knight Frank India, said the Budget announcements relating to monetisation of infrastructure and real estate assets will help increase private sector participation.

They will assist the government in enhancing fund flow for development of critical infrastructure assets. “The government has also continued its focus on affordable housing segment by extension of tax benefit by one year,” said Baijal.

“Further, the relaxation on tax compliance for real estate investment trust (REIT) investors will further improve the marketability of such products and we are likely to witness new REITs this year,” he added.

Source: LiveMint ( )