For context, it’s the economic policy designed by the Reserve Bank of India that governs the majority of the national economy; while the union budget, recently released by Finance Minister Nirmala Sitharaman, deals with taxation and next-generation reforms.

From a real estate point of view, the first thing that stands out in this budget is the continued focus on infrastructure with an allocation of over INR 11.11 lakh crore, nearly 3.4 percent of India’s Gross Domestic Product (GDP). Experts agree that improved infrastructure is set to drive real estate growth, yet there rises is a looming threat for developers with new reforms.