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Realtors seek tax sops, industry & infra status for sector in Budget

Real estate developers expect the government to provide industry as well as infrastructure status for the sector, increase the corpus of Rs 25,000-crore stress fund, and more tax sops for both homebuyers and builders in the upcoming Budget to boost property demand.
They also hope for single-window clearance for projects, measures to boost liquidity, reduction in the GST rates and availability of input tax credit on the GST paid in the Budget 2021-22, which will be presented on February 1.
We sincerely hope that Budget 2021 brings some much-needed relief to homebuyers as well as developers, Tata Realty and Infrastructure MD & CEO Sanjay Dutt said. ....

Piyush Bothra , Nirmala Sitharaman , Achal Raina , Honeyy Katiyal , Pankaj Kumar Jain , Kashish Bhutani , Sanjay Dutt , Maneesh Upadhaya , Anuj Kumar Garg , Sudeep Singh , Sahil Vachani , Pradeep Misra , Dhruv Agarwala , Pankaj Bansal , Biajay Agarwal , Pradeep Aggarwal , Raheja Developers , Bhumika Group Md Uddhav Poddar , Tata Realty , Kalpataru Ltd Md Parag Munot , Zkw Group , Ozone Group , Southeast Asia , Middle East , Super Tier , Max Ventures ,

Housing sales recover in Oct-Dec from previous quarter; industry expects momentum to continue

Housing sales recover in Oct-Dec from previous quarter; industry expects momentum to continue
PTI
New Delhi: India’s residential real estate market seems to have bottomed out in 2020 and sales momentum that picked up during October-December is likely to continue through the next year to reach pre-COVID level or even surpass it provided there are no further unforeseen negative events, according to top property developers and consultants.
The prevailing low-interest rates on home loans, stagnant housing prices, discounts, attractive payment plans, the stamp duty cut by some States, and increased importance of homeownership amid pandemic are some of the factors that will drive sales during the next year, they added. ....

New Delhi , Shishir Baijal , Rakesh Reddy , Kanika Gupta Shori , Prateek Mittal , Murali Malayappan , Arvind Subramanian , Pankaj Kumar Jain , Dhruv Agarwala , Mohit Goel , Amit Raj Jain , Sanjay Dutt , Pradeep Aggarwal , Shriram Properties , Kalpataru Ltd Md Parag Munot , Zkw Group , Tata Realty Infrastructure , Omaxe Ltd , Chairman Anuj Puri , Infrastructure Managing Director , Chief Executive Officer , Southeast Asia , Middle East , Sobha Vice Chairman , Housing Com , Gupta Shori ,