The realty industry welcomed the clean sweep victory of Narendra Modi-led NDA and expressed hope that the new government would fulfil its promise of housing for all by 2022, giving a push to the economy and employment generation.
"Credai would like to wholeheartedly congratulate Narendra Modi and BJP for the resounding success in the 2019 general elections. With BJP voted back to power, we expect the housing industry to continue its revival and provide a strong platform to the Indian economy at this critical juncture," Credai National President Satish Magar said.
Credai National Chairman Jaxay Shah opined that Modi-led government had risked every reform be it RERA, demonetisation, bankruptcy code or GST, but the unprecedented vote share got by the BJP signifies the party's emergence as a multi-cultural one.
"The people of India have whole-heartedly and overwhelmingly voted back the BJP with a clear mandate. I am personally pleased that the Government which has promised houses for All by 2022 has a chance to redeem its promise," he said.
Naredco National President Niranjan Hiranandani said, "our hearty congratulations to the new government Modi 2.0 and we look forward to the continuity of the progressive policies that were initiated in the past five years. We believe the new government works further for the structural reforms and steps that will boost real estate business and strengthen consumer sentiment towards Indian real estate."
"The new government should continue investing in infrastructure, incentivise private investments in manufacturing and ease up financing. These measures will create jobs and give the necessary impetus to consumption."