Budget 2023: Realty Seeks Industry Status, Cheap Credit, Tax Rationalisation
The growing rate of interest and the mounting cost of raw materials have the Potential to thwart the current growth momentum. We expect homeowner- Friendly measures will be announced in Budget 2023, said Aditya Kushwaha, CEO and Director of Axis Ecorp.
We are also looking for a reduction in GST slabs for construction materials. This will help in combating inflation and rising cost of raw material costs. A slight Reduction in GST on construction supplies like cement and steel could Indirectly assist the real estate industry by reducing developer input costs and, as a Result, the overall building cost, he added.
