Thursday, February 5, 2015

Pre-Budget expectation 2015-16 by Mr. Anubhav Jain, Director of Group Silverglades

In this budget we expect Government to continue with positive policy announcements to improve business environment and give strong push to growth. This year the growth prospects look better than the last year for all sectors and as a developer we expect a lot in term of attention and revenue for the sector. The long pending demand to announce real estate sector as an industry is foremost concern. The Government should also ensure quick passage of Goods and Service Tax which will replace numerous taxes and help the consumers. The deduction for interest on housing loans needs to increase from the current limit. Removal of numerous taxes can encourage real estate sector on large scale.