New Delhi, January 14, 2022: ”Amid the pandemic, the Government has recalibrated its approach towards remobilizing the economy and introduced various reforms to ensure adequate liquidity in the system such as keeping the interest rates low, additional liquidity support to NBFC and HFCs. RBI’s accommodative stance for such a long duration too helped mitigate the effects of Covid-19 on businesses and was a key to the recovery of real estate and the overall economy. These reforms have eventually proven to be positive for the economy in the long run. The outlook on India’s economic growth in the coming years looks very positive with the way the Government has tackled the Covid crisis.
The upcoming budget needs to be more attractive to foreign investors as it will be an ultimate platform to announce further incentives which will attract more foreign investments into the sector. Considering the rupee’s recent muted performance, this budget is an ideal time for reforms targeted at foreign inflows into India. We expect the government to reduce the tax on interest income which will help accelerate capital inflows to India. Liberalizing foreign investment norms in real estate is another widely expected move.
The residential real estate market in India has become more lucrative for NRIs as a result of the increased transparency due to RERA and ease in investment norms. Given their efforts towards nation building, the NRIs expect the forthcoming Budget to reward them with sops such as ease of compliance under the Income-tax Act and reduction in withholding tax rates, among other relaxations.
Real estate acts as a major growth driver for the Indian economy. The government must announce encouraging moves that can further attract foreign investments into the sector and help in huge employment generation.”
Bengaluru, March 18, 2025: Brick & Bolt, a leading tech-enabled construction company in India, is…
New Delhi, March 18, 2025: Brokerage firm Nuvama has recommended buying shares of Signature Global…
New Delhi, March 18, 2025: Property prices in key NCR micro-markets have surged significantly over the…
Bengaluru, March 18, 2025: As Bengaluru expands along strategic growth corridors, North Bengaluru has emerged…
● Located bang on Kelambakkam-Vandalur Road, the community offers 2, 3 & 4 BHK high-rise homes…
New Delhi, March 17, 2025: SR Menon Properties LLP have purchased an apartment in Worli,…