+
Budget expectations in real estate sector
Real Estate

Budget expectations in real estate sector

While timely interventions and concessions have helped in increased traction in the real estate sector, additional measures will bolster growth. Ramesh Nair writes.

The government made necessary and timely interventions through liquidity infusion, fiscal support and reform driven investments in the initial leg of relief measures. Further, the Central Bank and the Central Government rolled out other critical measures including loan moratorium, relaxation of NPA classification norms, one-time restructuring of corporate and personal loans (including home loans), etc. These measures and concessions have definitely helped in enhancing consumer sentiment, thus boosting consumption, resulting in increased traction in the real estate sector. While we have seen a continuance of recovery in the fourth quarter which started in Q3 2020, the actual market transaction volumes continue to be lower compared to pre-Covid levels.

In this context, following additional measures will aid in spurring consumption, investment; thus, resulting in a sustenance of a recovery led growth in the next few quarters.

  • Accord industry status to the real estate sector
  • Extension of benefit u/s 80EEA to avail additional Rs 150,000 interest deduction on home loans to the following:
                    Existing homebuyers who have already availed home loans
                    First time homebuyers to include mid segment as well
  • Separate provision for deduction of 'principal repayment' on home loans
  • Restriction on setting off loss from house property against other heads of income at Rs 0.2 million to be removed
  • Reduction in holding period of REITs for long-term capital gains
  • Allow 100%  FDI in completed residential real estate projects through the automatic route
  • Allowing input tax credit on calculation of GST payable in real estate

Author: Ramesh Nair is CEO and Country Head (India), Jones Lang LaSalle (JLL), an American commercial real estate services company.


4th Indian Cement Review Conference 2021

4th Indian Cement Review Conference 2021

17-18 March 

Click for event info

While timely interventions and concessions have helped in increased traction in the real estate sector, additional measures will bolster growth. Ramesh Nair writes. The government made necessary and timely interventions through liquidity infusion, fiscal support and reform driven investments in the initial leg of relief measures. Further, the Central Bank and the Central Government rolled out other critical measures including loan moratorium, relaxation of NPA classification norms, one-time restructuring of corporate and personal loans (including home loans), etc. These measures and concessions have definitely helped in enhancing consumer sentiment, thus boosting consumption, resulting in increased traction in the real estate sector. While we have seen a continuance of recovery in the fourth quarter which started in Q3 2020, the actual market transaction volumes continue to be lower compared to pre-Covid levels. In this context, following additional measures will aid in spurring consumption, investment; thus, resulting in a sustenance of a recovery led growth in the next few quarters. Accord industry status to the real estate sector Extension of benefit u/s 80EEA to avail additional Rs 150,000 interest deduction on home loans to the following:                Existing homebuyers who have already availed home loans                First time homebuyers to include mid segment as well Separate provision for deduction of 'principal repayment' on home loans Restriction on setting off loss from house property against other heads of income at Rs 0.2 million to be removed Reduction in holding period of REITs for long-term capital gains Allow 100%  FDI in completed residential real estate projects through the automatic route Allowing input tax credit on calculation of GST payable in real estate Author: Ramesh Nair is CEO and Country Head (India), Jones Lang LaSalle (JLL), an American commercial real estate services company.4th Indian Cement Review Conference 20214th Indian Cement Review Conference 202117-18 March Click for event info

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?