Budget 2015-16 Reaction – Mr Rajeev Talwar, Group Executive Director, DLF Ltd

New Delhi, Mar 05, 2015
“This is a directional budget. The Finance Minister has focused on growth with human face. Revenue sharing between the Centre and States has been redefined that give more resources to States, which actually implements all schemes and projects.

For the real estate sector, the government had already introduced norms for Real Estate Investment Trusts (REITs) last year, but it could not make much progress pending clarity on taxation related matters. Through the Budget, the Finance Minister has addressed this issue. Pass through rental income and rationalisation of capital gains regime for sponsors will help REITs. A detailed analysis could be done after reading the fine prints of the Budget.”

CCI Newswire