India, Feb. 15 -- Union Budget 2020-21's almost pointed negligence of the real estate sector was most puzzling - especially since the previous budget had envisaged an ambitious blueprint for the country's economic future. For realizing the vision of making India a USD 5 trillion economy by FY 2024-25, the development and growth of its real estate sector is imperative. Across developing and developed economies, real estate and economic growth are inseparable concepts.

Real estate is a key driver of economic growth, and by laying the groundwork of making it more organised and transparent, the government has already made it a more secure and attractive investment environment. The fact that the latest budget gave no more than a cursory glance ...