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Mr. Sebi Joseph, President, Otis India

January 27, 2017

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Sebi Joseph

“The Union Budget 2017-18 is definitely one of the most anticipated budgets in recent memory. Post demonetization, expectations are running high especially in terms of tax relief for people at large. Revamped Tax structure is one of the key aspects everyone has set their eyes on. Any impact on real estate will affect allied sectors like the Elevator and Escalator industry. Last year the Government introduced ‘Affordable Housing Measures’, and while we can expect the benefits of this policy to extend, we would welcome additional tax breaks for first time home buyers as a positive move for the country. Another topical and impactful move is the introduction of the Goods and Service Tax, which is being cheered by many businesses. All said and done, all the major announcements in the recent past will surely make this budget one of the most anticipated in recent times.”
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