“Reforms like RERA, GST, Insolvency & Bankruptcy Code, together with the first REIT issuance have been a positive for the organized real estate players. We now look forward to some more prudent steps by the re-elected government to encourage home buyers. As the nation undergoes rapid urbanization, it is imperative for the government to focus on the liquidity crunch, land availability, rationalisation of GST with input tax credit benefit and more tax exemptions for the salaried class in the forthcoming budget. A structured approach on reforming the policy framework and taking corrective measures to resolve industry issues, will further enhance India’s position in the Ease of Doing Business rank and making it an attractive investment destination.”
