New Delhi, January 21, 2022: “To sustain the positive outlook of the real estate sector in this new year, we are hopeful that the Union Budget of 2022 will usher in various tax benefits and rapid infrastructure development to magnify real estate in the MMR market. As the sector has exhibited strong growth and resilience through unprecedented times, it is expected that the budget focuses on foreign and domestic investments while facilitating policy support, which brings in further reduction in the home loan interest rates. Waivers on GST rates for under-construction properties and incentives are expected to enable private investment in the affordable housing sector. With various financial aids such as the SWAMIH Fund initiative, stamp duty reductions, and low repo rates during the year 2021, the sector has flourished exceptionally. To strengthen this momentum, we anticipate significant and beneficial reforms for the sector overall.”
Corporate Comm India (CCI Newswire)
