“We are looking forward to the Union Budget to have some interesting incentives for the low cost housing segment. We expect the government to look into the taxation slabs for personal and corporate sector, stamp duty and introduce some benefits for the primary house buyers in the affordable housing segment.
We propose that the tax free slab to be raised from current level to about 5 lacs and a tax rate cut for personal and corporate taxes. The demonetization process has brought surplus capital into the system which will help increase cash flow into the PSU banks. The stamp duty charges should be reduced down to 2% from the current 5% to encourage more frequent transactions leading to higher revenue growth. We also hope the stamp duty should also be waived off for affordable housing in the Pradhan Mantri Awas Yojana (PMAY), housing for all. We are looking forward to some strategic policy changes which will accentuate the growth of the real state sector and the overall economy of the country in the next fiscal.”