Excerpts from the Article:
Union Budget every year is the time when all the stakeholders of the Indian economy look up to the Finance Minister with optimism. Track2Realty noted that across the industries the wants & needs of the demand & supply side are not as juxtaposed as with the real estate.
Aditya Kushwaha, CEO & The Director of Axis Ecorp points out that to boost the real estate industry, the government should consider reducing the taxes on the rental earning, it will help restore confidence among the investors to invest in the real estate and balance out inventory available in the market.
Further, the Government should extend capping on PMAY interest subsidy, besides re-look at the timelines of measures that are already announced. Measures like an extension of the standing moratorium period on home loans & RERA timelines must be re-looked.