जुलाई में होने वाले संसद के आगामी मानसून सत्र में देश का पूर्णकालिक बजट पेश किया जाएगा। अलग अलग सेक्टर्स के साथ ही रियल एस्टेट को भी बजट से बेहद उम्मीदें हैं। एनारॉक ग्रुप की सीनियर वाइस प्रेसिडेंट रिसर्च एंड एडवाइजरी प्रियंका कपूर ने बजट को लेकर कहा कि उद्योग का भविष्य शहरी जीवन स्तर को बेहतर बनाने और समर्थन देने के साथ-साथ नए क्षेत्रों को विकसित करने और बढ़ावा देने के लिए बुनियादी ढांचे पर भी निर्भर करता है। इस बार टैक्स में राहत और छूट बढ़ाने वाले उपायों की उम्मीदें बहुत ज्यादा हैं।
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#UnionBudget2024-25 #financeminister #Nirmalasitharaman #unionbudget #anarockgroup #priyankakapoor
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NewsTranscript
00:00With Union Budget 2425 set to be tabled in July, the real estate sector pins renewed
00:06hope on the Modi 3 regime. Expectations are high for tax relief and other sentiment boosters.
00:13And the future of the industry also depends on the unfettered infrastructure deployment
00:18to support and improve urban living standards, as well as develop and promote newer areas.
00:24Now while the usual wish list includes giving industry status for the sector, it is more
00:30imperative now to revive the affordable housing segment, which has had a lacklustre performance
00:36since the pandemic. The current growth trajectory in the housing segment is today largely skewed
00:42towards mid-range and premium housing. And considering the fact that specific housing
00:48needs of India's lower-income groups, this momentum cannot ride solely on higher-priced
00:54homes, while affordable housing continues to languish. Many interest stimulants that
01:01were previously extended to buyers and developers of affordable housing have all expired in
01:07the last two years. And this important segment must be revived with high-impact measures
01:13like tax breaks for developers so that they can focus more on affordable housing and for
01:18buyers to improve affordability. So some of the measures that can reignite affordable
01:25housing would be credit link subsidy scheme under PMAY. So this scheme for the EWS and
01:32the LIG segment that expired in 2022 should be revived so as to incentivize first-time
01:39buyers of affordable homes across the cities. Then secondly, the government can consider
01:47to reintroduce 100% tax holiday for affordable housing developers in order to boost supply
01:54and incentivize developers to build more affordable housing. So basically this 100% tax holiday
02:03benefit was previously enjoyed under Section 80 IBA in the Finance Act 2016. Under this
02:10section, it provided major tax relief on the profits earned from developing and building
02:17the affordable housing projects. Then thirdly, the government can also tweak the definition
02:22of affordable housing criteria in order to widen the additional deductions benefits to
02:30more buyers. For instance, the government can consider revising the pricing of homes
02:37within the affordable housing budget, taking into consideration the city-specific market
02:42dynamics. For instance, in a city like Mumbai, less than INR 45 lakh budget is meaningless.
02:52It would need to be increased to at least 85 lakh rupees and similarly in other top
02:58cities the budget should also be increased to about 60 to 65 lakh. So with such price
03:05revisions, more homes would qualify for the affordable pricing tax and hence more buyers
03:10can avail benefits such as lower GST rates at 1% without ITC and other government subsidies etc.