The Union Budget 2017 ambitiously aimed to promote the role of private players in the real estate sector. This was also reflected in Finance Minister Arun Jaitley’s speech while introducing the budget. ‘Affordable housing’ was touted to become more affordable by being granted ‘infrastructure’ status. property prices in india This move was welcomed by the real estate sector of India. Real estate developers were also given tax relief on unsold stock as the liability for payment of capital gains comes forth the year in which a project is completed. Buyers and developers both gained access to cheaper funding. Although the full effect of the budget is yet to unfold, the policy moves undertaken are sure to steer this sector towards the right direction.