From the perspective of real estate, infrastructure and construction sectors, the slew of measures are good news. The liquidity crisis and the need for tax rationalization are two major challenges facing real estate and infrastructure industry, and the Finance Minister’s announcements should result in resolution of the challenges. These should go a big way in enabling the sectors to play their role in enhancing GDP growth and creating jobs.
—Dr Niranjan Hiranandani, Founder & MD, Hiranandani Group