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Realty Segment is of the Opinion that any extra Tax and Levies is Not a Good Sign to Put an End to Slums

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It is to be borne in mind that any extra increase in levying taxes and other surcharges in the Union Budget is a good sign for the realty segment as they are of the opinion that the input costs may not come down and may be static. The realty segment is looking for some positive news to be heard as it is of the opinion that there is a restoration in the segment as of now which attributing to be a good sign.
A source from Sobha developers states at the www.propertykhazana.com that they are overwhelmed with the exemptions which have been made in the budget and as such the rates have not increased. He continued to state that though the decision is being welcomed, they are happy on the raise in tax limits and that they are looking ahead to increased flow of money for the consumers. The MD from a Bangalore based realtor is of the opinion that “additional income at the hands of consumer’s meant more money for them”.
A press release from the realty segment states at the www.propertykhazana.com that India Infrastructure Finance Company (IIFCL ) were given more teeth and have been instructed to increase for 1 Lakh crore or more for improvement of the segment and considers it as a gift to the realty sector.
Raising of the allotment may mean enhanced and speedy connection for the National Highways Authority of India thereby increasing the financial worth of the prevailing realty markets and paving a way for a fresh evolution. Mr. Verghese wants the government to execute a new set of law on taxes within 45 days which may have a good bearing on the realty segment. For more and latest realty updates follow www.propertykhazana.com.
Source: NBTVLIVE

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