Pre Budget Expectation Quote

"The real estate sector is expected to witness a boost in budget 2019. Keeping the trend of promoting affordable housing alive this year, the major demand in budget is extension of income tax exemption applicable to current affordable housing units. Another prominent expectation from the government will be single window clearance system. Reduction of GST on under construction projects upto 5% from 12% will be a significant demand in the upcoming budget."
- Ashish Sarin, Director and CEO, AlphaCorp

"2019 will be the year of growth and development for Indian real estate. We expect the budget 2019 will be in favor of the sector. Additional income tax deduction will encourage more homebuyers to invest in the affordable housing segment. Bringing stamp duty within the purview of GST and other tax benefits to the affordable centric realty market will turn government’s affordable housing dream into reality."
-Ssumit Berry, Managing Director, BDI Group

Thursday, January 31, 2019