Views of Mr. Rohit Gera, MD, Gera Developments on Pre-budget 2022

New Delhi, January 21, 2022: “The real estate sector has finally started seeing a revival in many parts of the country after years.  At the same time,  we have seen a tremendous amount of inflation in the input costs for all construction projects.  As a result, developers will be forced to raise prices for homebuyers.  At the same time we have seen a tremendous desire amongst people to increase their size of homes as a result of the pandemic.  This is a great time for the government to provide a time bound incentive in terms of a reduced capital gain tax.  Increasing the interest deduction as well as standard deduction will also help home buyers at a time when home prices will rise affecting their affordability”.

Corporate Comm India (CCI Newswire)