News Correpondent, abptakmaa, Kolkata, 1st Feb 2020 : As Finance Minister Nirmala Sitharaman readies to unveil the Union Budget , Real Estate developers from Kolkata share their expectations.
To this context Mr Rishi Jain, Managing Director, Jain Group said, The long standing demand for Infrastructure status for Real Estate industry could be the single most important step for easing the credit crunch.
Long term capital gain benefits, tax breaks on home loans and revival of 80IB could be some welcome changes.
Government also needs to provide deeper push towards hospitality sector.
Mr Abhishek Bhardwaj, Chief Marketing Officer, Shristi Infrastructure Development Corporation Ltd.
The real estate sector must be given special attention in the current budget. Tax benefits will be a welcome step to give a push to the dwindling demand. Warehousing is a area that has immense scope, we expect measures from the government so that this sector receives the necessary impetus for growth.