Real Estate sector to benefit from the Government’s focus on the infrastructure – Jason Kothari, CEO, Housing.com

New Delhi, March 16, 2016: Apologies for the inconvenience. Please refer to the quote below to be attributed to Jason Kothari, CEO, Housing.com for any post budget you may be working on. Attached is his picture as well for your reference. Please do let us know if you would be able to include the same.

“Considering the liquidity issues and the subdued demand in the real estate sector over the last couple of years, we hoped for more from the union budget this year. We do welcome the government’s acknowledgement of the role start-ups play in job creation, and the tax holiday for the first 3 years of starting a company. We expect the real estate sector to benefit from the government’s focus on the infrastructure sector, notably roads and highways, and its promise of a new more effective credit rating system of infra projects that will enable high quality projects to attract more funding. The digitisation of land records under the integrated land management system will go a long way in simplifying land acquisition for projects. The government’s service tax exemption on houses less than 60 sq m, and the additional exemption of Rs 50,000 for housing loans up to Rs 35 lakhs for homes not above Rs 50 lakhs will both likely improve home buyers’ sentiment.”

Corporate Comm India(CCI Newswire)