Real Estate Industry’s Budget Expectations For 2018-19

budgetBy Accommodation Times Bureau

NEW DELHI

The real estate industry has a lot of expectation from the Union Budget 2018, to be presented by Finance Minister Arun Jaitley in the month of February 2018. A Real Estate Regulatory Authority has helped the buyers to gain the confidence for purchasing any assets and it has also added transparency in real estate industry. The realty market has gained the momentum after the government’s initiative towards Affordable housing scheme and to carry forward this momentum for the betterment of the industry, here are some few expectations by realty players for the upcoming budget.

Kishore Bhatija, Managing Director, Real estate development, K Raheja Corp said, “2017 was certainly a year of change with the implementation of several reforms which brought in consolidation and transparency in the sector. In 2018, we look forward to a budget with amendments that will boost the growth of the economy and that of the realty industry. Certain key areas like industry status to the full real estate industry, streamlining taxation norms for REITs, rationalisation of GST, stamp duty reduction/uniformity and implementation of single-window clearance need to be addressed.”

The expectation of Real Estate Industry is too high form 2018-19 Budget and these expectations cover whole industry.





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