Real Estate Industry’s Budget Expectations for 2017-18

munishdoshiBy Munish Doshi, MD, Acme Group

Accommodation Times News Services

The real estate industry has a lot of expectation from the Union Budget 2017, to be presented by Finance Minister Arun Jaitley in the month of February 2017.

The introduction of the Real Estate Regulatory Act as well as demonetization last year has been extremely disruptive for the real estate sector. The government has already expressed its vision of housing for all by 2022. If this is to become a reality, they will need to provide tremendous amount of stimulus for the real estate sector so that homes become more affordable and get produced much faster to meet the objectives. For real estate sector, there have been lots of road blocks from stagnated demand to side-effect of demonetisation but companies are hopeful of a populous Budget.

Steps that can be taken by the government include –

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