Real estate body CREDAI on Wednesday said that a new stable government at the Centre would need to focus on infrastructure development in its budget as opposed to the people-oriented budget that was presented this year.
In a press conference to announce their realty expo to be held on April 26 and 27, state CREDAI president R Nagaraj said, “The real estate sector supports close to 220 different types of industry. If the new government supports this sector, GDPgrowth can shoot up from the current 5 per cent approximate.” He added that the association expected the budget by the new government to be different.
“After the IT boom in the city, automobile and engineering companies are the next big investors. We see an increase in jobs and consequently in demand for housing as well,” Nagaraj said. The expo will be held at the State Bank of India campus on St Mark’s Road. Around 90 builders are expected to showcase their projects at the expo.