Business Description
The government should look at holistic models that will work across the real estate market geographies and segments. Multiple taxes like registration duty, GST and stamp duty are confusing the buyers and they are now not much interested in real estate investment as they are hesitating. GST should cover all the properties rather than just under construction properties.
The industry may create thousands jobs if it has got good support from the 2018 Budget. Within a short period of time only one industry can create good number of jobs and that is real estate arena.
The tax benefit currently is INR 50000 for the 1st time home buyers but if it doubles in the budget then this will lead to increase in the property sales. Yes, the first time home buyers will be motivated to buy more flats thereby increasing the demand for residential properties. This explains How budget 2018 can affect property buyers?
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