The Union Budget 2017-18 continued the high rhetoric with a new catchphrase TEC (Transform, Energies and Clean) India, whereas flagship programme like “Smart Cities” received a raw deal, except affordable housing and Swachh Bharat Mission.
The real estate is highly sluggish and it was expected to revitalise the confidence in the urban economy, swiftly aligning it on the path of growth trajectory.
However, the prognostic approach for urban development is completely missing as sluggish economic growth continues after demonetization.