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Clearly, this was a ‘make or break’ Budget for the government with most sectors (including real estate) seeking concessions to boost consumption and investments.
Indian residential and commercial real estate sector was needing an effective and strong law regarding tenants and landlords as in many cases, both parties are at loggerheads due to ambiguous laws.
Indian real estate sector witnessed some improvement in year 2019. Indian government offered support in many ways and projects were cleared with RERA agencies in different states.