March 3, 2021

Did the Union Budget 2021 fail the Realty Industry?

Rakesh Reddy, Director, For

There were a few initiatives proposed by the Union Budget 2021 that pose as positive steps for the Real Estate Sector and critical to its revival. However, the Budget 2021 failed to unveil any measures that could improve consumer sentiment, increase demand and bolster growth.
Here’s what they failed to grant us, as a sector:

  • Infrastructure status, allowing loans to be acquired at lower interest rates.
  • Re-introduction of GST Input Tax Credit
  • Single-window clearance
  • More benefits for Commercial Real Estate Investments
  • Implementation of emergency funds

In an article authored by our Director, Mr. Rakesh Reddy for, he shares his views, throws light on how the action is taken on the mentioned pointers, bolster our economy and the growth of the Real Estate Industry. Click on the link below to read the article.