Real Estate
“The real estate segment, especially the residential sector, saw some growth in 2019 thanks to the Centre’s strong efforts at improving liquidity and pushing growth. In the new year, we are looking forward to more such measures to boost the segment as the industry still needs various enablers to get out of the rut. We are hoping the Union Budget will announce a one-time roll over or restructuring of existing loans. We are also looking forward to the Centre’s measures aimed at improving liquidity and lowering home loan rates, taxes and stamp duties as these will ensure buying interest from end consumers says Mr. Prashant Solomon, MD, Chintels India and the Hon. Treasurer for CREDAI NCR
Education
“With an eye on future, Union Budget 2020 must focus on quality and tax- free education and skill development. If we look at the current scenario, there has been a shift in the nature of jobs and career choices amongst the youth. The budget must incorporate necessary policy revisions required to meet future job demands and to make India as one of the leading higher education destinations in the world.” - Dr. Sanjay Gupta, Vice-Chancellor, World University of Design.
Startup
“Real estate is one of the key drivers of a country’s economy. Policy changes like RERA and Benami Transactions (Prohibition) Amendment Act 2016 have ensured transparency and streamlining the sector. We look forward to concrete measures around liquidity and alternate investment fund to revive consumer and investor sentiment. We also expect the government to focus on lowering of taxes, home loan rates and reduction in stamp duties which will have a positive impact on the sector.” Says Rohit Malik, Founder & CEO, Clicbrics
Finance
“With GDP at lowest rate in 11 years, Industry expects a lot from this Budget. We believe the government should reduce GST and personal taxation rates to revive domestic consumption in economy. We also believe government might bring Tax dispute settlement scheme to recover pending disputed demands, says CA Maneet Pal, Partner of I.P. Pasricha & Co”.
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