Pre-budget views — Government should provide industry status for the real estate sector by Amit Ruparel, Managing Director, Ruparel Realty

New Delhi, January 16, 2018: Housing for all has been at the top of the agenda of the government in 2017 and will continue to be the key highlight in 2018. Affordable housing witnessed an increase of 20% in new launches in 2017 as compared to 2016 and this trend will continue. This year the government should focus on providing industry status for the real estate sector as a whole which will ensure easier access to institutional credit and help in reducing developers’ cost of borrowing for projects.  Reducing the current GST rate will help buyers & boost the sentiment of the industry. Additionally, stamp duty and registration charges which are outside the ambit of GST, hope this budget government subsume these levies into GST

Corporate Comm India(CCI Newswire)