A new era of infrastructure-driven real estate

New Delhi: With the BJP now elected into power, there are high expectations for the Indian infrastructure industry to take off in all earnestness. This is a very important development for real estate, since the sector cannot grow without the implementation of modern infrastructure projects. But without sufficient housing to accommodate the very people that infrastructure is meant to serve, the entire concept becomes hollow and meaningless.This is the reason why the Indian real estate industry has for so long been campaigning for being declared as an industry rather than a mere business vertical. The Indian real estate industry is depending heavily on the new government to make these extremely important changes and allow the sector to grow on the back of the corresponding incentives to developers and buyers.It is also important that the numerous infrastructure projects that have been pending because of mercenary bureaucratic tangles be either launched or completed in the shortest possible time. Therefore, the challenge for the new government lies in bringing about a width and depth in infrastructure-related policies, markets and economic milieu that allow the optimal utilization of available funds at the State level.Since its mandate on these issues is non-ambiguous and decisive, we have every reason to believe that the new government will address the problems related to infrastructure in the country, and that we will be seeing encouraging developments on this front in the future.Kishor Pate, CMD - Amit Enterprises Housing Ltd