New Delhi, January 23, 2023: Apart from the long-standing demand for single-window clearance and industry status, the real estate industry is expecting higher incentivization of affordable housing, uniformity and expansion in the definition of affordable housing, increase in tax exemption on interest paid on home loans, and exemption on rental incomes. With more homes qualifying as affordable housing, the benefits such as lower GST at 1% without ITC, and other government subsidies will help a lot more Indians seeking to buy a home. The industry also needs to strengthen existing financing systems so it can provide liquidity to stuck real estate projects in India. All these measures will boost the growth of the Indian Elevator industry also says Mr. Manish Mehan, CEO & MD, TK Elevator India.
Corporate Comm India (CCI Newswire)