Union Budget 2021 - The real estate industry was expecting growth measures By Krish Raveshia, Azlo Realty
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Beow are Views On Union Budget 2021 The real estate industry was expecting growth measures By Mr. Krish Raveshia, CEO at Azlo Realty
"The real estate industry was expecting growth measures from the Union Budget. Given the current situation, the Finance Minister has presented a balanced budget. The budget was primarily focused on the infra and healthcare sector. Steps like a 1-year tax holiday for affordable housing projects and a 1-year extension for an additional deduction of interest up to Rs 1.5 lakh on loan for affordable housing will benefit all stakeholders of the industry and boost investments. Relief on TDS for dividend on REITs and InvITs will boost investment in these instruments.
A development finance institution for the infrastructure sector will facilitate funding, the good part is that it will be professionally managed to ensure seamless execution of operations.
The Union government has done its part to help economic growth, it is over to RBI to keep rates low, liquidity at ease to ensure a quick revival of the economy."
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