Sudarshan Lodha, CEO & Founder, Strata
“Considering the importance laid on digitization of technologies and sectors, I would like to congratulate FM for promoting of use of deep tech and online interface across sectors to drive digitization and ensure greater transparency. As real estate is the second largest contributor in employment generation and contributes over 10% of the total GDP, it is extremely encouraging to see budget laying policies for boosting infrastructure and introducing taxation benefits for real estate investments.
With real-estate encompassing for a huge chunk of LTCG, capping long term capital gains surcharges to 15 percent would encourage real estate investors to lock in their investments for a longer period, helping them maximize their gains. This will go a long way to accelerate the pandemic slowed real estate investments. Additionally introducing state partnerships in SEZ development hubs and scraping of SEZ Act would encourage businesses to stay longer driving growth and stability. Also extending tax concessions for startup community would help them revive their operations from the aftershock of pandemic
The budget has laid out a host of measures offering huge push to the infrastructure segment which will play a catalytic role in driving consumption, urbanization, creating employment opportunities and thereby reviving growth in the aftermath of the pandemic. All in all it is an extremely futuristic budget with adequate focus on economic revival and growth.”