Pre-budget expectations for RE sector by Mr. Anuj Khetan – Director, Vijay Khetan Group

New Delhi, February 01, 2020: The Union Budget 2020 is awaited with a lot of expectations by all stakeholders, especially for the real estate industry. The developers and buyers hope that the 2020 – 2021 Union Budget will introduce reforms like tax sops and correction in prices which will benefit and stabilize the industry. The industry anticipates that the budget should address the long-term expectations for the industry in terms of status, single window clearance and reforms in the Goods and Services Tax (GST). Since, rental housing and co-living are in demand among the homebuyers, hoping that various reform measures are proposed to promote the same. The real estate market in India is also expected to address the liquidity crisis faced by the government potentially which affected various segments, However, taking all these into considerations, we expect 2020 to be more stable and propel the real estate growth.