[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shubham Pundir |
staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news
to share with you which is as under mentioned.
Union Budget 2019-20 has evoked mixed reactions from the real estate sector,
with the push for affordable housing and infrastructure, along with the promotion
of rental housing, being lauded. However, builders and developers are miffed
that the Budget failed to address long-standing expectations regarding industry
status for the sector, single-window clearance and reforms in the Goods and
Services Tax (GST).
ANAROCK Property Consultants Chairman Anuj Puri said, "As far as real estate
is concerned, the Budget had a few hits and several misses." Puri said that from
the real estate perspective, the Budget did not meet many expectations, as it
failed to address the sector's most pressing concerns. He added that the sector
might not see consumers and investors return to the market in sufficient
numbers, barring in affordable housing. "The all-important 'industry status'
remained elusive, taxes were not sufficiently moderated and land reforms
were not mentioned at all."
Read more at: https://www.business-standard.com/budget/article/budget-2019-fails-to-address-real-estate-sector-s-most-pressing-concerns-119070900755_1.html
Kamagroup Pvt. Ltd.
Have a nice day.