This was a moderately encouraging Budget in general, but tepid for the Indian real estate sector.
The macro-economic concerns are having a cascading effect on Indian real estate. Here are the considerations that the sector needs from the upcoming budget as well as in terms of overall enablement
Clarifications, incentives and initiatives that Indian real estate looks forward to in the Union Budget 2012-13
For buyers as industry stakeholders, the biggest advantage that the Model Real Estate Regulation Act offers is that there will be an arbitratory body available to attend to grievances and redressals. I do not agree with the general perception that the proposed Real Estate Regulation Act is harsh on builders.