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Union Budget 2021: Realty sector wants finance minister to accord long-awaited industry status The last few years have witnessed a major downfall in the real estate sector owing to demonisation, GST, RERA, NBFC crisis, says Sanjay Daga, COO, Runwal FP Staff January 31, 2021 19:39:28 IST Expectations rise for real estate sector ahead of budget. The real estate sector is confronting crippling liquidity for a long time. A relaxation in norms for raising capital, tax incentives for home buyers, reduction in housing finance cost through preferred interest rates, continuing subsidies under Pradhan Mantri Awas Yojana (PMAY), and paving the road for the quick availability of Alternate Investment Funds (AIF) are some of the relief measures the sector expects. These initiatives will put more money in buyers’ and developers hands, stoking the ....
Boost to real estate sector must for economic growth: experts ANI | Updated: Jan 19, 2021 15:39 IST New Delhi [India], Jan 19 (ANI): Real estate experts have called for an added impetus to affordable housing in the forthcoming Union Budget for 2021-22 to revive economic growth. Farshid Cooper, Managing Director of Spenta Corporation, also called for addressing liquidity concerns currently plaguing the industry. He said the government must introduce tax breaks and reduce transaction costs for home buyers. The Indian real estate sector had been facing challenges even before the outbreak of Covid-19 pandemic, said Cooper. The subsequent lockdown brought with it several new problems including stopping of construction activities, unavailability of labour, muted sales and tepid buyer sentiment. ....