New Delhi, January 19, 2023: The Indian real estate has already started pinning hopes on various economic reforms in the upcoming Union Budget 2023-24. To begin with, the demands for single-window clearance and industry status for real estate are among the most recurrent ones, which would help the sector tremendously. Secondly, a reduction in tax slabs for home buyers will lead to a consistent increase in demand and thereby help reduce the current inventory levels of the industry. The government should allocate more funds towards infrastructure projects which would create better connectivity and open up new land parcels and new micro markets. Lastly, a reduction in GST slabs would help developers reduce the cost of construction, which would further ramp up demand as homes would become more economical for the end consumer.
Corporate Comm India (CCI Newswire)