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Budget 2021: Accord infrastructure status to real estate sector The government can consider extending the harbor limit to 20 per cent for next three to four years. Real estate sector is an important pillar for the economic growth and stability of the country. It is the second largest employment provider and also supports various sub-sectors, such as steel, cement, infrastructure. Consequently, the government has undoubtedly taken measures to incentivise the sector. However, owing to the ever-changing landscape, the sector faces many challenges, such as lack of liquidity, delay in projects, unstable demand among others. To add to the issues, COVID-19 related lockdown led to an unprecedented era for real estate sector. Apart from the policy initiatives, the industry expects that the upcoming Union Budget 2021 will address direct tax challenges to alleviate the stress surrounding the sector. ....
Monetisation of real estate to manage working capital crunch – key considerations Businesses have looked for innovative ways to raise funds and evaluated different options for monetising non-core assets including real estate depending on varied objectives For the past few months, businesses have witnessed unprecedented pressure to manage cash flows and financial commitments. CFOs are forced to evaluate alternative sources to raise funds - the needs for which are sometimes short term and urgent. Businesses have looked for innovative ways to raise funds and evaluated different options for monetising non-core assets including real estate depending on varied objectives. For example, if the business requires continuous use of the real estate, sale and lease back model could be evaluated where the buyer of the real estate will permit continued use. ....