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.
Indian Stock markets are not impressed by the Union Budget presented on February 1 and have witnessed a decline.
Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.
Mumbaikars will soon have the option for eating, shopping and entertainment round the clock.
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