Gurgaon: City-based developers, see the resurrection of strong housing demand this year, expecting an affordable widening of housing brackets to include more than RS 45 Lakh in the upcoming budget 2022.
Measure to increase affordable housing and middle income by extension of cost bracket and Expansion of tax benefits for the first time buyers, SOP for developers involved in affordable housing projects and rent, and industrial status for this sector is the main expectation.
“The long demand for this sector to expand affordable housing definitions to include houses at a price of more than 45 lakhs in the large Metro City is expected to be fulfilled at this time.
Also, industrial status for this sector will help access cheaper funding, said Ramesh Nair, CEO (India) and the Managing Director (Development Market, Asia) in the Colliers.He Real Estate Management Company said government support in the form of liquidity infusion, fiscal support and investment driven by timely reforms to maintain the real estate sector, among others, remained floating and restore Dhruv Agarwala, CEO of Housing.com Group, then.
Central.
“Realty sector is still disturbed by two unsold inventories and jammed projects.
To handle challenges, this sector requires an increase in the corpus of stress funds supported by the Government, Swamih, to at least Rs 1 Lakh Crore.
This will help solve jammed projects and help get consumer confidence, “he said..” We hope that the government will work to reduce GST, line and stamp duty, “he added.” We hope the government doubled the amount of fund allocation for Pradhan Mantri Beware Yojana.
Attention to tax credit input, reducing GST on building materials and tax holidays for affordable housing developers is needed, “said Pradeep Aggarwal, the chairman of the global group signatures of brokers and the National Board of Body Assocham about real estate, housing and urban development., Joint Implementing Director MRG World, another realtor, said the government must overcome the problem of making cheaper land available in big cities for affordable housing.
“In addition, the benefits of income tax must also be improved, which will help bring more investment in real estate,” Add it.
‘Expand affordable housing brackets, provide tax benefits’
