Green buildings have remained a smaller part of the Indian real estate sector. The government needs to push forward in this direction for higher acceptance among real estate developers.
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.