Boost to Real Estate Sector Must for Economic Growth - Experts | Aditya Kushwaha

1. Follow us:      Home | News | Boost to Real Estate Sector Must for Economic Growth - Experts | Aditya Kushwaha 19 Jan Boost to Real Estate Sector Must for Economic Growth - Experts | Aditya Kushwaha Jan 19, 2021 By: ANI Source Link: Click Here Aditya Kushwaha, CEO and Director of Axis Ecorp, said the government should accord industry status to the real estate sector as a whole, including secondary housing and holiday homes. Farshid Cooper, Managing Director of Spenta Corporation, also called for addressing liquidity concerns currently plaguing the industry. He said the government must introduce tax breaks and reduce transaction costs for home buyers.

2. The Indian real estate sector had been facing challenges even before the outbreak of the Covid-19 pandemic, said Coope The subsequent lockdown brought with it several new problems including stopping of construction activities, unavailability of labor, muted sales, and tepid buyer sentiment. There have been positive signs since the start of the festive season. But the industry continues to face systemic issues tha need redressal. “We hope the upcoming Union Budget of 2021-22 is a comeback budget for the Indian economy,” said Cooper. Currently, the same has been conferred only to affordable housing. This has been a long-pending demand that is expected to help developers raise funds at lower costs. “ Housing loan interest rates also need to be reduced to foster demand and sales. We also expect the upcoming budget will factor-in restoration of income tax benefit on a second home which will definitely benefit home buyers in a big way and boost the real estate sector,” said Kushwaha. The government needs to push active non-banking finance companies for extending finances to the realty sector, he said Rental income received from any holiday home-based or tourist-centric zones should be free from Goods and Services Tax, said Kushwaha. (ANI)    Tags : Smart House Residential News Investment Real Estate News Aditya Kushwaha covid19 Search...  RECENT POST Boost to Real Estate Sector Must for Economic Growth - Experts | Aditya Kushwaha 19 Jan 2021 Boost To Real Estate Sector Must For Economic Growth - Experts 19 Jan 2021

3. A Greater Traction in Housing Witnessed From NRIs | Aditya Kushwaha | CEO Axis Ecorp 19 Jan 2021 Budget 2021 Expectations - ‘Industry Status’ for The Real Estate Sector | Axis Ecorp 16 Jan 2021 Adieu 2020 Welcome 2021 Realty Stakeholders Offer Assessment 08 Jan 2021 Union Budget 2021-22 Expectation | Aditya Kushwaha | CEO and Director | Axis E Corp 12 Jan 2021 Categories villa Director's Desk In the News Edition (Print) Edition (Online) TAGS Building Smart House Construction Villa Residential Interior Resort News Villas Real Estate New AxisEcorp Axis Yog Villas Investment AxisBlues Real Estate News Axis Lake City Axis KNCJ Darjeeling Aditya Kushwaha Goan Resort Living covid19 Feature

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