What Are The Expectations Of The Real Estate Market of India From Budget 2014-15?

The budget announcement is a crucial moment for almost every sector in the India. Quite obviously, economic recovery and fresh development is what the India is looking forward to and with the current government earnestly aiming for an all round development, the India real estate market has put all its hope on the budget.

Cosmic India

With the numerous consumer-centric issues distorting the structure of the Indian real estate market and Delhi NCR real estate market, the realty majors are all looking forward to the government to address those issues. Soaring prices, labor shortage, lack of transparency, obscurity regarding the land title, delay in approvals, overlapping of laws, etc. are some of the most widespread issues in the sector.

Both residential as well as commercial property all over metro city as well as all major cities have a high growth potential but the above issues are not allowing the cities to live up to the expectations of buyers and investors.

What the industry is now is waiting for is:

• Implementation of land acquisition policy.
• Augmenting the fund limits of the Housing Finance Companies (HFCs).
• Reduce inflation in real estate.
• Encourage 100 percent FDI.
• Offer tax benefits on home loans to attract more buyers.
• Proper infrastructure for the housing sector.

Now, how far will the government of India be able to boost consumer and investor confidence is the question of the hour. Under current governance, we do hope that the budget will address all the critical issues in the sector and work towards bringing a balance in the demand and supply ratio.

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Tags : Indian Budget, FDI in India, Real Estate Affects Indian Economy,Cosmic Projects, Housing Finance Companies, Indian Real Estate Market.