Pre Budget Expectation Mr. Pradeep Aggarwal, Signature Global Ltd
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Below the budget expectation quote Mr. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd.
We eagerly await the forthcoming budget announcement, anticipating transformative measures to invigorate the Indian real estate sector. Emphasizing the long-overdue grant of Industry status to the Real Estate sector, we expect it to catalyze investments and streamline regulations. Urging the extension of Infrastructure status to affordable housing, we advocate for a solution where the sector receives input tax credit benefits and reduced GST rates on construction materials reduced to single digit. Additionally, we implore the government to institute a Single Window Clearance system for expeditious project execution. Furthermore, the government should relaunch the CLSS scheme, expanding affordable housing criteria to INR 75 lakhs and increasing the carpet area to 90 square meters. These strategic measures are envisioned to fortify the real estate sector and contribute significantly to the nation's economic resurgence."
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