Union Budget 2016: Rajesh K Gouri, Vice President, Homestead

"There is a dire need to prioritize buyers' investment interest to secure their faith in investments in realty sector."

Written by: India.com Business Desk

Published: February 25, 2016, 6:10 PM IST

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 Rajesh K Gouri, Vice President, Homestead shares his expectation from Union Budget 2016

“Real estate market is hopeful that Budget-2016 will provide the much needed cheer after prolonged slump. Under tax consideration, we expect that financial protection will be provided to investors in case of delays from builders’ end. (Also Read: Union Budget 2016: Here’s what Arun Jailey should do to boost power sector)

It will also help the buyers immensely if house rent deduction limit is raised for self-employed persons as well, as maximum limit that can be claimed under Section 80 GG is a meager Rs. 2,000/- per month. Moreover, we look forward to more clarity on GST this year, and additional opportunity of infrastructure development along the periphery of metropolitan cities. Lastly, there is a dire need to prioritize buyers’ investment interest to secure their faith in investments in realty sector by providing them with a combination of tax-benefits and cheaper loan incentive.”