Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.
SBI Home Loans introduced a new concept in residential real estate lending by offering refund of principal amount to home buyers in case a developer doesn't complete the project.
Indian residential and commercial real estate sector was needing an effective and strong law regarding tenants and landlords as in many cases, both parties are at loggerheads due to ambiguous laws.