‘The real estate sector was already in focus for the government in 2021, we expect a similar and a more refined response this year.
The government has already played an immense role in driving the momentum of the industry with various announcements which benefited the developers and homebuyers last year. We have already addressed the positive outcome of the decisions, with a huge hike in sales all across the country.
The budget 2022 will bring further relaxation to the sector if the government plans on further extending the already introduced relaxations.
Additional benefits like GST waiver for under-construction homes hike in Rs 2 lakh tax rebate and incentives for private sector investments in the affordable housing segment; among others can be some of the measures Finance Minister Nirmala Sitharaman should consider in the upcoming Union Budget.”