Budget expectations by R Gopal Reddy, Managing Director, Concorde Group
R Gopal Reddy. There is a long standing demand for an industry status for the real estate sector. What we are asking for is an exemption of 801 AB to enable affordable housing. We are also asking for the RBI to reduce their interest rates which...
cityairnews
Feb 25, 2016 12:30
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R Gopal Reddy.
There is a long standing demand for an industry status for the real estate sector. What we are asking for is an exemption of 801 AB to enable affordable housing. We are also asking for the RBI to reduce their interest rates which would help the potential investors and buyers.
When we look from the standpoint of the customer’s, there should be a direct tax benefit which means that there should be a 100% increase in the tax bracket upto 3 lakh rupees.
Moreover, the Government should also provide added benefits such as the green technology benefits to developers and builders who use green technology in their constructions. There should also be a system for accreditation in place as well, for the real estate companies.
The Budget should also look at the deregulation of the prices of raw materials.
