Budget Visionary and Development-Driven: Krishnakumar Goyal's Insights

Noted industrialist and Kohinoor Group Chairman and Managing Director Krishnakumar Goyal has expressed his views on the Union Budget, highlighting its development-oriented nature and far-sighted roadmap for the nation’s growth. However, Goyal expressed disappointment that despite strong demands from the construction industry, the budget does not include any concrete provisions specifically for the real estate sector or for affordable housing.

Goyal observed that the budget clearly reflects the Central Government’s intent to allocate substantial funds for infrastructure development, which could indirectly benefit the real estate sector. In this context, he made special mention of the proposed Pune–Mumbai and Pune–Hyderabad high-speed rail projects. These projects are expected to enhance connectivity and stimulate economic growth in these regions.

Goyal affirmed that the budget will accelerate India’s journey towards becoming a Developed India. He welcomed the priority given to key sectors such as bio-pharma, IT, data centres, tourism, medical tourism, healthcare services, infrastructure, and minerals. These sectors are crucial for driving economic growth and creating employment opportunities.

He noted that Tier-2 and Tier-3 cities will increasingly be viewed as engines of growth. This, he said, will help control the unplanned expansion of major metropolitan cities, promote development in smaller cities, and lead to a significant rise in employment opportunities. Goyal’s insights highlight the strategic importance of balanced regional development in achieving the nation’s broader economic goals.

The Kohinoor Group, under Goyal’s leadership, has been a prominent player in the real estate and construction industry. With a focus on sustainable and inclusive development, the group has undertaken several projects that align with the government’s vision for a developed India. Goyal’s perspective on the budget underscores the industry’s readiness to contribute to the nation’s growth agenda, even in the absence of direct provisions for the real estate sector.

In conclusion, the Union Budget’s emphasis on infrastructure and key sectors is expected to have a positive impact on the overall economy. While the real estate sector may not have received direct benefits, the indirect effects of infrastructure development are likely to be significant. Goyal’s optimism and strategic outlook provide valuable insights for stakeholders in the industry and policymakers alike.