Niranjan Hiranandani of Hiranandani Constructions says, "For the first time in my lifetime I have seen such clear cut incentives to boost the construction sector and also increase opportunities to invest. The government certainly has taken clear cut measures to increase the gambit of investments opportunities in this sector. Though the building sector has asked for infrastructure status for it has offered to consider is as priority areas which means that loans will be available easily and with concessions.We were working in an era of shortages but now with these incentives we are moving towards an era of surplus."

Sandeep Raheja, of Raheja constructions gave a more cautious reaction saying``the budget proposals are not clear in various definitions when it says 100% subsidy for approvedprojects. But by giving relaxations to enable investors to take loans the government has certainly made the option of investing in this sector more attractive.The announcement of the repeal of the Urban Land Ceiling Act was another concrete direction that the government has taken to boost the housing sector.

Aashish Velkar, CEO of Cushman & Wakefield says ``this certainly was not a bold budget as far as the housing industry is concerned.All investments in the property market is just restricted to government agencies and domestic private participation and the government was conspicuously silent on foreign direct investments in this sector. Though Cushman & Wakefield is not in the construction business and did not intend to come into construction but certainly many foreign companies would have liked to come in. The other small boost for investors is another important announcement was amendment in section 192 of the income tax Act which enable adjustment of loss from house property against salary income, atthe source itself.

"This will not only eliminate a large number of refund claims but is a good step to implement simplification", said K Shivaram, a Mumbai based advocate.