Budget Expectations

Budget Expectations

Industry Expectations from New Foreign Trade Policy 2021-26

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Industry eager to see draft New Foreign Trade Policy, says PHDCCI webinar on Industry Expectation from New Foreign Trade Policy The global supply chains are...
Mr Nitin Gupta, President- Sales, Marketing & CRM (Head), Mantra Properties and Developers
Budget Expectations

Mr Nitin Gupta, President- Sales, Marketing & CRM (Head), Mantra Properties...

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"This year's budget is expected to meet many expectations. Especially while the entire economy is still recovering from the pandemic, the first that comes...
Real estate contributes around 8% to the overall GDP of the country. Acknowledging such a strong pillar of the economy, the government must foster policy reforms to accelerate growth in the realty sector. As the industry is slowly and steadily getting back on track after two consecutive waves of Covid-19 pandemic, it is looking at a robust housing demand revival in 2022. Here, the Union Budget 2022 can play a supportive and enabling role. The sector is looking at a few tax relaxations: 1. There should be a revision in ₹2 lakh Interest rebate under Income Tax Section 24, as in the aftermath of the pandemic, as disposable income has reduced due inflation and salary cuts. 2. Raw material prices have increased by 30% in the last 2 years which is eating away the margin for low cost housing sector, Input credit of GST should be allowed to overcome these losses Besides this, several big companies like Twitter, Tata Steel, etc have completely switched to remote working modes. The work-from-home culture has surged the demand for Holiday Homes. Many Holiday Home developers are actually boosting rural tourism near the main cities, helping in generating stable income for local laborers & raising the standard of living. It would be best if the Finance Minister considers Waivers or reductions on GSTs on raw materials such as cement, steel, etc. as well as concession on stamp duty or provides special allowances to promote such developers who can impact travel & tourism opportunities for local welfare in the rural areas. It will be great if you feature the quote in your story. Please get in touch for any more information.

Mr Punit Agarwal, M.D & C.E.O, Nirvana Realty

1) Rohit Kharche, Director of The Baya Company and

Mr Rohit Kharche, Director of The Baya Company

Union Budget Recommendations, 2022 Gyanesh Chaudhary, Vice-Chairman & Managing Director

Mr Gyanesh Chaudhary, Vice-Chairman & Managing Director, Vikram Solar Ltd

Dr Srikanth Sola, Director, CEO and Co-founder, Devic Earth

Dr Srikanth Sola, Director, CEO and Co-founder, Devic Earth

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