The Indian real estate sector is optimistic about the recent budget but calls for further action to meet industry demands, with key benefits noted for housing and infrastructure.
Real estate firms call for tax cuts and controlled material prices in the upcoming budget to stimulate the struggling sector and benefit buyers.
Fitch Ratings predicts positive growth for the Indian construction sector in 2007-08, driven by infrastructure and real estate investment. Profitability is expected to surge from 2009.