Realty sector - Big hope from Union budget.

Q: 1-REIT -Impact of tax reform.
2-Demand & Supply of residential real estate market.

Rajesh, Delhi-NCR

10th February 2015

Real estate News in Delhi

delhi development authority

investment option

union budget

delhi real estate market

demand & supply

reit

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Replies (3)

Hi Guys,

In my point of view , there is no relief for the common men, especially senior citizens, for whom there are no special facilities as in Western countries. People like me fail to meet monthly expenses from pension alone. Arun Jaitley should initiate steps for immediate relief of aam aadmi,

Tushar Surendren, Delhi

10th February 2015

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Hi Guys,

As per different sources, the entire corporate world is looking up to Narendra Modi, ever since he became India's Prime Minister. With his government about to present the budget, the real estate sector wants him to take decisions that will rejuvenate it. We're reeling under a slump. The government should consider the points of view of both developers and buyers. There is need to control interest rate and create single-window systems.

Subho Mallik, Delhi

10th February 2015

Comment

Hi Mr Rajesh ,
With the Union budget round the corner, every section of society, especially businesses, are looking for signs of relief from finance minister Arun Jaitley. In the real estate hubs of Noida and Gurgaon, the realty sector is hoping this budget would bring sops to revive the moribund sector.

Preeti Kher, Delhi-NCR

10th February 2015

Comment

@ Rajesh ,

Along with the confederation of real estate developers association of India (CREDAI), individual developers have already written to the ministries about the sops they are hoping for in the budget.

We expect attractive tax norms for real estate investment trusts (REIT), etc. We'd be most happy if interest rates for home loans are reduced, which will boost the sector and help bridge the gap between demand and supply. If the government initiates steps towards providing special benefits to green and sustainable development, it will have a profound impact, as it is the future of the real estate industry,

Ayesha, Delhi-NCR

10th February 2015