Demand of real estate in coming budget
The real estate industry of India is still suffering from low demand and financial crisis. The real estate debt is increasing with the days progressing.
People are showing less interest in investing on buying apartment due to the high cost. Therefore, the real estate industry is hoping some facilitating decision in the coming budget which will motivate the buyers to invest in apartments.
The industry is hoping for tax saving announcements as well as facilities for foreign investments which will surely improve the inflow of the cash.
All what the real estate industry wants is the borrowing cost to be reduced. Also, funding options should be opened for the foreign investors.
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Source : Money Control
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As property buyers even we are looking at the upcoming real estate budget! Lets hope for best!