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Current Budget has nothing to cheer for realtors: CREDAI

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Post budget session has shown many agitations among the realty players across the country. On a short note with www.propertykhazana.com CREDAI chairman – Kumar Gera has cited that the union has around 4000 members who are directly associated with the realty products of India and is deeply disappointed by current stand of the budget where there is very low profile of realty substance to encourage the working spirit of the builders and its associates.
CREDAI chairman further points that country’s realty segment is one of the prominent segment of the GDP and employment over 10 million workers next to the country’s agriculture. Realty of the country is one segment which provides impact over 2000 services and other industries with both forward and backward linkage has no point to cheer with the current budget session after contributing its full time towards the country’s GDP as added by Kumar on www.propertykhazana.com.
The main areas of disappointment comes in the sectors like tax exemptions and few incentives in the dealings of budget housing across the cities as added on www.propertykhazana.com . Apart from all this negative aspects few prospective measures added in the budgets are the rise of allocations to Rs 128.87 billion around 87 percent at the schemes of JNNURM. For the concerned of the basic amenities of housing and other realty associates extension of aid up to Rs 37.93 billion is also one of the most appreciated step from the finance head.
Source: NBTVLIVE

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