Can the finance minister unveil a budget that is friendly towards home buyers, as well as developers? We look at the demands of both segments, ahead of the Union Budget for 2018-19
A friendly budget is always on the wish-list of everyone. As the Union Budget for 2018-19 approaches, the moot question is whether the budget should be buyer-friendly or builder-friendly and whether both the stakeholders are on the same page, this time around? Let us look at the wish list of each segment.
Home buyers expectations from Budget 2018
Reduction in income tax slabs.
Lower rate of interest on home loans.
Reduction in the Goods and Services Tax (GST).
Reduction in stamp duty.
Increase in cap on interest and principal deductions.
Restriction on loss from house property.
Builders expectations from Budget 2018
Industry status for real estate.
Capital for land investments in the affordable housing segment.
Single window clearance/smoother approval process.
Reduction of long-term capital gains holding period for REITs.
What the Finance Minister thinks will be known soon on 01/02/2018 Budget2018