Budget Expectation Quote from Nesara B.S, Chairman, Concorde

“Expanding the income tax exemption slab to ₹10 lakhs, would increase surplus income and boost personal consumption. The government should also consider rationalization of capital gains tax between real estate and equity markets. A more balanced capital gains tax structure would encourage investment diversification, potentially freeing up capital currently tied to real estate for new investments. We hope that the government considers a significant increase in capital expenditure on infrastructure and social programs by at least 30% compared to last year. Increased government spending on infrastructure creates jobs, improves connectivity, and potentially fuels demand for housing in newly developed areas. Additionally, the government should focus on rural development as an increased rural expenditure and spending on programs like MNREGA would not only uplift these communities but also create demand for essential goods and services. With GST collections reaching new highs, touching ₹2 lakh crores per month in April, the government should recommend a reduction in GST rates to the GST council. Lower GST on property transactions would directly translate to reduced costs for homebuyers, potentially increasing affordability and creating demand. This could lead to higher sales volumes for developers and potentially translate to increased tax revenue for the government despite the lower rate, due to a larger tax base.”