NEW DELHI (INDIA): India’s Finance Minister Arun Jaitley is all set to present the Union Budget for 2017-18 on 1stFebruary.This would be his third full-year Budget. So all eyeballs on his briefcase, what Jaitley is going to present for India.
Lets go through RE/MAX India’s pre-budget expectations from Jaitley.
“Post demonetization the expectations are very high from the budget 2017-18 for Real Estate industry. As the Union Budget is around the corner, the Government should reduce the Interest rates as it will benefit the home buyer by lowering their EMIs and will eventually revive the demand of real estate market. In the year 2016-17 budget included some key announcements which was to lower the housing cost and affordable for the individual. In 2017 the government has enforced multiple reforms for the Real Estate Sector. The year will see the industry get into a 360 degree makeover with the brokers and developers becoming more professional and working ethically. With the implementation of RERA – the industry will be customer centric and hence will improve the overall image of the sector. Hope that the real estate industry will benefit from the initiatives taken by the Government”.
Sahil Kapoor,Executive Director of RE/MAX India