Expectations from budget 2013-14 for Real estate

Q: Hi, I am looking to buy an apartment in delhi NCR. can you help me understand what I should expect from the budget 2013-14. shall i wait for the buget or buy the property now only?

Ruchi Mishra, Noida

28th February 2013

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the major thing are the goverment bills.Escpecially Land Acquisition Bill could not be passed due to many contentious clauses in 2012. 155 amendments have already been made in the bill draft also it is supposed to be discussed during the budget session. whereas the developers have been raising objections to the bill, farmers and social activists have been campaigning for changes as well. The Bill if approved this year, is set to impact real estate in a big way.

Aloke Kumar Singh, Greater Noida

3rd March 2013

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You knw the basic thing is, it is growing even real estate has become the face of major Indian cities like Mumbai, Delhi-NCR, Bangalore, Chennai, etc. and increasing urbanisation paves a way for healthy demand for the sector in the future.

Indu dixit, Noida

3rd March 2013

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Also the realty players are rooting for an industry status for real estate in India for sometime now. Developers associations like Confederation of Real Estate Developers Association of India (CREDAI) and Federation of Indian Chambers of Commerce and Industry (FICCI) would be hoping that their cries be heard in the upcoming budget.

Akash Kanojia, Delhi

2nd March 2013

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If we can talk about the backdrop of poor performance of the real estate sector, certain economic measures have been either proposed or taken to boost the realty. Even Reserve Bank of India (RBI) has agreed to slash its key policy rates and cut the cash reserve ratio (CRR).

rahul kirmani, Delhi

2nd March 2013

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Hi,basically if your check the role of realty is considered significant in India’s economy. Although the urbanisation is rapidly growing in India and demand for real estate spans form the housing sector to office space, malls and factory spaces as well. Along with considerable contribution to gross domestic product (GDP), realty also helps to improve infrastructure in India. Moreover, investment in real estate sector pertains to investment form both domestic and foreign sources.

Nishant Pathak, Gurgaon

1st March 2013

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