Categories: Budget

Union Budget Expectations 2019 by Siddha Group and Jain Group

New Delhi, January 30, 2019:
Mr. Rishi Jain, Managing Director, Jain Group
With the Union Budget approaching, we feel that the rate of GST applied for the real estate sector needs to be revised so that the people at large wanting to buy their own house benefit.
Mr. Sanjay Jain, Group Managing Director, Siddha Group
With the Union Budget 2018 announcement right around the corner, our key expectations are for a better budget allocation and faster processing on ground for the CLSS scheme will be appreciated as that will benefit both customers and realtors. It will help customers in purchasing and encourage realtors.  GST levied on under construction properties can be expected to be reduced to encourage buyers. Developers are hoping for the grant of an industry status which will boost activity and catalyze institutional funding. If limits can be raised for NBFC for financing projects, it will be easier for developers in terms of funding.  Multiple interest on subsidy scheme through the Pradhan Mantri Awas Yojana for EWS, LIG and MIG groups has been announced in the past years. This will definitely increase the demand for housing in the market. But we further hope that interest rates on home loans will be addressed to make housing affordable for everyone. Single window clearance also needs to be taken into consideration for faster implementation and execution of projects. Overall, we will wait and watch to see how the union budget impacts the realty sector.
Corporate Comm India(CCI Newswire)

Recent Posts

The Rise of Premium Luxury Residences: How NCR is Setting New Standards

New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…

22 hours ago

3A Composites’ Flagship BrandALUCOBOND Launches a Premium Product ‘ALUCODUAL®’

~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…

22 hours ago

Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report

- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…

2 days ago

Onward Workspaces Expands with leasing 18,000 Sq. Ft. Premium Facility at Emaar Capital in Gurgaon, Catering to Global Enterprise

The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…

2 days ago

Studio Apartments: Smart Investment Choice for Buyers

Considered as hot investment opportunity for the real estate enthusiasts, Studio apartments present several advantages…

4 days ago

Rethinking Urban Spaces: The Role of Mixed-Use Developments in City Planning

New Delhi, November 18, 2024: As Indian cities grapple with rapid urbanization, evolving lifestyles, and…

4 days ago