February 24 2016, 18.04 PM IST || Pocket News Alert
Mr.Vineet Rella, Managing Director, SARE Homes
My primary expectation from this years budget is lowering of interest rates because that has become very important from a, consumer and industry perspective. If the government: really wants to go for ''Housing for, All", it Will have to come out with some kind of subsidies and tax reliefs for the industry to go out for' more affordable housing Moving forward. as the infrastructure story picks up, it will be very important that real estate also piggybacks and is given the status of an industry and many of the incentives provided for the infrastructure sector are also passed on to real estate as an industry.
Mr. David Walker, Managing Director, SARE Homes
We are keen to see the fiscal deficit target met in the medium term as that will enable the RBI to reduce interest rates. We would really like to see the real Estate Bill put through as it will bring confidence back for buyers that they wit receive delivery of their homes. Further. money paid in EDC charges to local authorities should be escrowed and dedicated towards the development of roads, power and electrification of townships. Tax deductibility for EMIs which is limited to Rs 2 lakh should be doubled to As 4 lakh to give more relief to consumers. We also look forward to simplification of taxation via the GST legislation and, hopefully, also having a lower average rate of tax.
