Mr Manoj Asrani, Founding Principal, Property Monk Pvt Ltd

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PropertyMonk Pvt Ltd

BUDGET 2019: IS EYE’D VERY STRONGLY BY ALL REAL ESTATE STAKEHOLDERS: Both home buyers and real estate developers are hoping that the Budget 2019, just before elections, would help turnaround their fortunes. Especially Buyers who continue to pay EMIs while awaiting delivery of their homes for over a decade and Developers who are struggling with unsold inventory and high taxes.

  • Builders are hoping that the Government would bring stamp duty within the purview of GST

  • Provide Input Credit of construction against output of renting

  • Incentivise rental housing to meet Housing for All commitment by 2022 and increase limit  of interest deduction, paid on home loan, from 2 lakh to 3 lakh, buyers are hoping that the Government would take steps for the creation of a stressed asset fund to deal with the issue of incomplete projects and provide an EMI holiday to those whose houses have been facing undue delays.

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