By Madhusudhan G., Chairman and MD, Sumadhura Group
While there are numerous expectations from the upcoming Union Budget, here is a few which we as an industry hope sees the light of day.
1) We hope the budget addresses two of the long-standing demands of the real estate developer community, namely: single-window clearance & industry status for the entire real estate sector. These steps will greatly reduce the project timelines for developers and help them procure funds at a much better rate. In the long-run it will help reduce the input cost of construction involved, thereby making the final product viable for the end consumers.
2) As the Industry is facing severe liquidity issues, quick steps should be undertaken by the government to ramp up adequate liquidity into the system.
3) Subsuming of stamp duty in GST is another major demand of developers. It is important that government includes stamp duty in the GST purview to boost the demand for housing.
Corporate Comm India(CCI Newswire)
Riyadh, November 07, 2024: Line Investments & Property SP LLC, a prominent subsidiary of LuLu…
First half of FY 25 continued with strong GCC demand with 80% contribution in space…
- Sustainability Leadership Shines in 'GRESB Real Estate Assessment' and 'GRESB x HERA Standing Investment…
Mumbai, November 06, 2024: The Global Cement & Concrete Association (GCCA) India and Xynteo announced…
New Delhi, November 05, 2024: Haryana’s Sohna is emerging as a new micro-market in the…
New Delhi, November 04, 2024: Neo Developers, a leading real estate company has announced the…