Budget 2021: Boost to real estate sector must for economic growth say experts
Real estate experts have called for an added impetus to affordable housing in the forthcoming Union Budget for 2021-22 to revive economic growth.
Aditya Kushwaha, CEO and director of Axis Ecorp, said the government should accord industry status to the real estate sector as a whole, including secondary housing and holiday homes.
Currently, the same has been conferred only to affordable housing. This has been a long-pending demand that is expected to help developers raise funds at lower costs.
"Housing loan interest rates also need to be reduced to foster demand and sales. We also expect the upcoming budget will factor-in restoration of income tax benefit on a second home which will definitely benefit home buyers in a big way and boost the real estate sector," said Kushwaha.
