Budget expectation – R. K Panpalia, Managing Director, Wave group

New Delhi, January 24, 2017: At a time when interest rates have begun its downward march and the government’s focus on housing is seeing renewed momentum, Budget 2017 can be a game changer for the real estate sector. We believe the government will announce confidence boosting measures that will not only encourage developers to partake in government’s ambitious scheme “Housing for all by 2022” but also bring back homebuyers to the market. 

If government’s dream of “Housing for all by 2022” has to be realised, the government has to address the consistent demands like granting ‘industry status’ to real estate sector and single window clearance. The Budget should widen the scope so that wide spectrum of people can avail Pradhan Mantri Awas Yojana (PMAY). Several other issues like quick implementation and clarity on GST, rationalisation of REIT etc will want government’s attention. The Government should do away with Capital Gain Tax in real estate as is in stock market.

Corporate Comm India(CCI Newswire)