“As we prepare for the upcoming union budget, it’s crucial to present strategic recommendations to bolster the Indian real estate sector. The introduction of a single window clearance system has already improved approval processes, reducing project timelines and costs. To further enhance the sector, we propose several key measures:
FDI Regulation Adjustments: Review FDI norms to attract domestic and foreign investments, enhancing developer liquidity.
Revising Input Tax Credits: Establish a favorable input tax credit regime to ease financial burdens on developers.
Streamlined GST: Adjust GST for under-construction properties to promote growth in commercial real estate.
Targeted Rental Housing Strategies: Improve rental housing availability to address urban challenges.
Public-Private Partnerships: Invest in infrastructure to enhance connectivity in tier-2 cities.
By implementing these recommendations, we can drive sustainable growth in the Indian economy.”
