Expectations from the Union Budget 2019 for real estate

New delhi, February 02, 2019: “While there are numerous expectations from the upcoming interim Budget 2019, there a few which we as an industry hope sees the light of day. Firstly, a rationalization of GST in real estate can help create a conducive business environment. Secondly, granting of infrastructure status to the entire sector along the lines of what was done for Affordable housing is another step we hope is taken. Last but not the least, an effective and structured implementation of single window clearance by central and various state governments would contribute significantly to streamline the process within the real estate industry.”