“BUILDING MAtERIAL INDUSTRY EXPECTED TO GROW BY 8-10% IN 2022”

Says Ashwin Reddy, MD, Aparna Enterprises

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One of the industry having faced maximum impact of the pandemic in 2020, the building materials segment has displayed sheer resil-ience as it slowly bounced back in 2021. The industry regained its mojo at a steady pace. While initially in April & May, the second wave disrupted the momentum, from June onwards, the revival trajectory has been positive. In 2022, provided the reforms like – Availability of housing loans to all segments, Long term funding support in case of long gestation projects and adherence to the contracts, Continuation and further refinements in the tax sops available for housing industry and Recognizing Real Estate sector as part of Infrastructure, are introduced and financial impetus is provided to the industry, the sector is expected to show positive growth.