[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
Mumbai: Infrastructure should get a significant boost from the reforms to ease foreign
investments, likely enhancing the prospects of companies such as Larsen & Toubro, KNR
Construction, UltraTech Cement,and DLF. The budget proposes to increase infrastructure
allocation to Rs 5.54 lakh crore as against Rs 4.39 lakh crore in the revised estimates for
FY21. There is also an additional support to states of Rs 2 lakh crore for capital expenditure
and related programmes.
“To play the infra growth story, we prefer stocks like L&T, KNR Construction, UltraTech
Cement, JK Lakshmi Cement, DLF, Ashok Buildcon, GAIL and JSW Steel,” said Gaurav Dua,
head of capital market strategy, Sharekhan. “Along with budgetary allocation, the government
proposes to set up a Development Financial Institution and monetise existing assets of public
sector entities to reinvest in infrastructure projects.”
To attract retail and foreign investment, the government proposes to abolish tax deduction at
source on REIT and InvIT and allow issuance of zero-coupon bonds by infrastructure firms.
“The thrust on overall infrastructure sector would definitely bring fresh capital to play, create
deep economic linkages and generate employment,” said Gaurav Taneja, partner, EY India.
Read more at:
Have a nice day