Infrastructure and Real Estate Pre Budget Expectations from Union Budget 2020
New Delhi, February 01, 2020: The Real Estate & Infrastructure sector will be looking for major policy changes and roll-out plans of previous announcements, such as Alternative Investment Fund (AIF) to pull out stressed and stalled projects. More importantly, the infrastructure industry status for the overall Real Estate sector, along with the provisions of single-window clearance is highly expected by the industry players.
Further increase on existing Rs 2 Lakh tax rebate for housing loan interest paid by customer will also be an important announcement, which can help in cleaning the inventory. The finance minister many also consider to tax-incentivize the buyers who are paying installments well in time, or buying the property through their own savings. This will infuse liquidity in the market.
A clear-cut guideline in the direction of land reform is much needed to bring down the project cost and make housing truly affordable across sections. It is expected that government will include Input Tax Credit (ITC) in GST for under-construction homes, address the liquidity crisis and clarify the roadmap for Rs 100 lakh crore infrastructure development plan.
Corporate Comm India (CCI Newswire)
