Maharashtra Budget

 Subhankar Mitra, Managing Director, Advisory Services, Colliers India 

"Maharashtra aspires to grow at 12.1% in the fiscal year 22-23 with a hope of becoming the first state with a trillion-dollar economy. On the allocations side, there was a significant sum provisioned for the public works department to improve the infrastructure. There also increased allocation in upgrading public government schools and women's hospitals. The spending on infrastructure particularly in and around the urban areas would promote development and can augment the supply of affordable housing. There is also a separate fund allocation to improve the slums outside Mumbai, which will help many adjoining areas to have a better living quality".

Ajay Sharma, Managing Director, Valuation Services, Colliers India

"The Panchasutri development model adopted focused on shoring healthcare, agriculture and infrastructure. If the investment being made across the state will spur growth in services economy while specific to real estate the provision of 6000cr for 5 lakh units affordable housing scheme will positively Impact the segment. Further on urban development front, funds to improve slum conditions outside Mumbai will push redevelopment programs and creation of innovation hubs can spur growth in new areas if implemented well. Pune metro expansion is likely to contribute real estate growth in south and south-western parts of the city while the increased connectivity of Mumbai metro will enhance urban livability and connectivity".