Post budget reaction from Mr.M.R Jaishankar, CMD, Brigade Group and Mr.Suresh Hari, Secretary, CREDAI Bengaluru

• Skill Mission enhancement,- which will bring in enhanced skilled work force.
• Regulatory reform for infrastructure,
• Single window clearance-
• Increase in allocation of infrastructure fund,
• Road outlay, Rural & Urban housing,
• Rationalized Capital Gains Regime For REITs/InvITs
• Wealth tax abolition-
• Corporate tax reduction in a phased manner
• Tightened Reporting Of Cash Transactions and 
• Reduced customs duty on 22 items

Some of the issues that are not addressed or not clear are:

• GST roll out. The delay will put certain impediment on individual state taxes, since there are challenges at present.
• Clear policy on Smart Cities.
• Excise duty increase, which will increase cost of inputs.
• Increase of service tax rate to 14% from 12.36%- The sector is looking for relief from this tax.

There seems to be a good approach to the overall economy. The Real estate sector benefits from all budget related activity and 2015 looks very promising. CCI Newswire