‘Pre-Budget Expectation’

“The Real-Estate sector, at present is the major contributor to GDP of the country and at the same time has emerged as an important employment provider. The sector has also contributed in building up the infrastructure across the country and thus have put the country on the global map. Inspite of the above status the long pending demand of this sector to provide it an industrial status has not been taken care of by the government. This year also the real-estate sector expects that its foremost expectation would be looked into by the government and the sector would be declared as an industry in the coming budget. Other factors which should be considered in the coming budget are, increase in the rebate on housing loan interest .Increase in income tax rebate on housing loan interest and rationalization of taxes on raw materials.”