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Expectation from budget 2022 by Mr. Manish Mehan, CEO and MD of TK Elevator India

“While the real estate sector is looking at a robust housing demand revival in 2022, it is also expecting that the Union Budget 2022 will play a supportive and enabling role. As estimated, the Indian economy is expected to grow at 9%, stimulating demand for better infrastructure. Some of the key industry expectations from the budget 2022 are infrastructure status for real estate sector, need for liquidity-boosting measures, GST waiver for under-construction properties, impetus to affordable and rental housing, extension of credit linked subsidy scheme (CLSS) and enhancement in interest deduction limits on housing loans, customer-friendly steps such as tax reliefs to homebuyers, and single-window clearance mechanism to fast track approvals to avoid project delays. As the pandemic situation surges at the beginning of the year, an industry favorable Budget is likely to play a crucial role in shaping the entire year for the real estate and allied industries.”

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