“The rising cases of COVID-19 is a matter of serious concern once again for the civic infrastructure and human capital of our country, however with vaccinations and other preventive measures we hope to curb the impact of this third wave as much as possible on real estate as well as the entire economy. With signs of revival already visible over the last few months, the realty sector is looking at robust housing demand in 2022 and beyond. While interest rates are already at their lowest, a tax holiday for homebuyers will go a long way in boosting the market sentiment, nudging fence sitters to take a decision. Focus should be given to stalled/ stressed projects, apart from providing impetus to affordable and rental housing as we enter 2022 . This will likely free up capital and provide liquidity to the sector. Additionally, serious thoughts need to be given to GST towards major input materials as the rising cost structure could lead to long term increase in prices thereby softening demand.”

– Farshid Cooper, MD, Spenta Corporation