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  • Budget 2021 Expectations LIVE: What India Inc. wants from Modi government, Nirmala Sitharaman?
Thursday, 21 January 2021 / Published in Media & Articles, Real Estate Industry

Budget 2021 Expectations LIVE: What India Inc. wants from Modi government, Nirmala Sitharaman?

Budget expectations 2021

Publication: Zee Business, 20th Jan 2021

Budget 2021 Expectations LIVE: Nishit Jalan, CEO, Grovy India

“The year 2021 is expected to be the year of revival of the real estate sector. This year has started on a positive note and to maintain the momentum, the industry is expecting innovative and path-breaking announcements. This year’s budget needs to focus on bringing the cash flow back into the real estate industry by encouraging young and first-time home buyers, and investors. The budget needs to address the cash flow crunch in the industry and accede to the long-standing demand of granting industry status to the sector.

Further to reduce the burden on the homeowner, the stamp duty needs to be revised on a national level.
Changing the GST slab of sale of the under-construction property to nil rated GST, even for a limited period of time will go a long way in improving cash flow for under-construction properties. Providing income tax relief for home buyers on a second home will allow more people to invest in the sector and give a boost to holiday homes specifically.”

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Grovy India

Grovy India

Grovy India limited was established in the year 1985, with a purpose of developing extraordinary real estate properties that would change the scenario of the construction industry.

Equipped with teams of skilled and experienced engineers, architects, planners and designers Grovy has established itself as developers of ‘Boutique Apartments’.

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