Indian government has announced many ambitious projects over the last five years.

Despite tepid consumer spends, the total PE inflows into Indian retail hit a new high in 2019 among all five years between 2015 to 2019.

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.

While the Indian government has setup green building initiatives, the acceptance among developers and home buyers has remained low.

RBI has left the policy rates unchanged and the recent budget announcements haven't been able to offer the much needed help to real estate sector.

Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.