An Outline Of Expectations Of Potential Buyers From Real Estate Market In India

With the new government about to present their annual budget, real estate investors are anticipating sound policies and reforms. Across the world, the real estate sector has faced a phase of a gradual slowdown. In recent times, high prices of properties have made the dream of owning a property a distant dream. Few initiatives by the new government have instilled faith in real estate investors regarding housing projects within affordable price range. As per experts, government needs to incorporate few policies to boost the real estate sector.

Emphasis on affordable housing

The first thing that appears on the top of wish list of buyers is affordable housing. Forthcoming budget needs to boost the availability of housing within affordable price range. This indicates there will be better incentives for Top Real Estate Companies In Delhi NCR intending to construct these projects. It is expected the government will restrict the carpet area of housing units available in the affordable price bracket. According to industry experts, another demand of buyers is to reduce the interest rates on home loans. With the reduction in interest rate, the realty sector will be impacted positively. If the Real Estate Developers In India reduce the interest rate, it will lure potential buyers.

Relaxation of interest rate

Interest rates have a serious impact on the budget of investors, and this often drives potential buyers away from purchasing property. The new government has already committed to make housing available for every citizen of the country. If there is not a reduction in interest rate, this effort will not substantiate. It is expected that there will also be a tax incentives for house loans. As per government rules, deduction is permissible for those staying in rented establishments. Experts want the limit of deduction to be raised from the present level, as it will boost the sale of property.

Incentive on taxes

The budget also needs to focus on better incentives of taxes in the arena of rental housing arena. To support the boost in real estate sector, the experts also expect various forms of infrastructural development. Real estate buyers are on the lookout for various urban planning strategies and regulations that can protect them. Standard and transparent norms are also a major requirement for buyers. Real estate has a major contribution to GDP, and these steps will be a major enhancement for countries economy.

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