IGI Logo

Below the Quote on Real Estate Industry's Expectations from the New Government by Mr Amit Goyal, Managing Director, India Sotheby`s International Realty

The return of an existing government to power positively impacts the Indian economy and the real estate sector. Political stability significantly enhances confidence among both consumers and investors. We are a young country, poised to become the third largest global economy by 2027, and demand for homes is inevitably going to remain strong, now that we have stability on the policy front and continued focus on infrastructure development. The growing number of affluent in the country, particularly benefits the luxury segment of real estate and we expect the buoyancy to continue.
 
We do believe that several of the measures brought in by the BJP led government such as RERA need far more fine tuning, to be effective in spirit. NDA 3.0 will also be presenting the union budget soon, and this will be an opportune time to relook at GST burden on under-construction homes, and increase the tax breaks on home loans, to encourage wider home ownership.

Above views are of the author and not of the website kindly read disclaimer