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The Rail Budget from a real estate and infrastructure perspective has some key announcements focusing on infrastructure such as dedicated freight corridors, including three new freight corridors and transit development, said Anshuman Magazine, Chairman & MD, CBRE South Asia.
“These initiatives, if implemented successfully, will benefit the industrial and logistics real estate segment,” he added.
Overall the Rail Budget this year is a consumer friendly one, with the Railways Minister announcing various provisions for women, children, elderly and the specially abled citizens.
“However, successful funding mechanisms coupled with timely implementation of all these announcements are necessary to strengthen the country’s urban infrastructure,” he further added.
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