India Outlook 2018
The Real Estate industry has witnessed several positive movements in 2017. In the upcoming budget, we expect the focus on Affordable Housing, Smart Cities and Housing for All. These should give an impetus to the Real Estate sector. In addition, any increase of slabs or increase in interest deduction or relief on direct taxes would increase affordability.
We expect that government will focus on the issue of land costs being high. Lowering down the costs for land acquisition will boost many private players. If the government does so, there will be many new launches and quick delivery of projects by the private players.
Mr Sundeep Jagasia is the Managing Director of Shree Krishna Group