BSE Realty Index Down 3.6 % After Budget Announcements

The BSE Realty Index closed 81 points or 3.6 percent lower today after the Union Budget was presented by Finance Minister Nirmala Sitharaman in Parliament. The real estate industry, which has been struggling with various issues for the past few years was expecting a helping hand by the government in terms of major sops or incentives which were not allowed in the Budget today. Granting industry status and providing single window clearance have been long standing demand of the developers.
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