* Mehul Thakur – Director, Viva Homes:
“Infrastructural development has been at the forefront of the new government’s agenda on account of its potential to propel the country’s economic growth. India’s real estate market has already seen the positive impact of this. Hence, in order to maintain the growth of the sector, it is imperative to introduce policies and incentives that will boost the sector in the Union Budget 2015-16.”
Starting with support to incentivise affordable housing and permit higher tax exemption limits for home buyers, we have great expectations from this budget. The government should also focus on ensuring a separate industry status for real estate which will help boost domestic bank lending, increase Foreign Direct Investment into the sector and ease external commercial borrowing. Single window clearances for the real estate sector will also help in curbing costs and therefore, significantly boost the affordable housing market.
Another focus for the government for 2015-16 should be revising the current FSI rules for ensuring a better vertical growth of the city.”
* Kamal Khetan, CMD, Sunteck Realty Ltd
1. Pacing up infrastructural development should be the primary focus of the government. Infrastructure is important when it comes to real estate development being viable not only in new micro markets but also in established micro markets that have witnessed stagnation on account of an infrastructure deadlock.
2. Easing interest rate should be another primary focus of the union budget. Real estate industry would be positively affected by it as cutting down interest rates means an increased liquidity flow in the economy. Consequently, real estate will reap rich dividends. Moreover, if banks cut down the loan interest rate, buyers with disposable income would invest in the realty sector.
3. Single window clearance system must be introduced. Due to complexities of government channels, many projects get halted and delivery is delayed. A speedy completion of stalled projects is essential.
4. Clearer and loophole-free policies are shall be introduced. Frequent change in policies and regulations affect the construction. A clearer, faster and more transparent execution.
5. Macro Investment Initiatives to Boost REIT’S and FDI that encourage and foster development of the country at large and usher in a demand and supply balance need to assume key focus stated Kamal Khetan, CMD, Sunteck Realty Ltd.
* Hariprakash Pandey, Vice President, Finance and Investor Relations, HDIL
We expect that this Budget will be growth oriented, one that would fuel in investments and through reform measures and stable taxation policies, would facilitate ease of doing business in India.
Even though there have been a slew of reform announcements in recent times, one expects to hear some more reformative measures being announced on the floor of Lok Sabha during this budget session.
Granting ‘infrastructure’ status to the real estate sector and a single window clearance mechanism have been two of our long pending demands. These would enable easy flow of funds to the sector and fast track the approval process thereby enabling removal of impediments from the growth of the real estate sector. We expect further boost for the affordable housing sector.
Formal announcement of implementation of GST (Goods and Services Tax) will be a key booster for the overall economy.
* Shailesh Puranik, Managing Director, Puranik Builders
The real estate industry is very hopeful about the financial budget to be announced. We have seen series of favorable policies being announced in the past few months. Keeping the same mode, we are expecting a slew of policies that would enhance growth in the real estate sector. We are also expecting that this budget will fulfill some long pending demands of the sector such as granting of industrial status to the real estate sector and single window scheme to speed up the clearances for projects. We expect the government’s intervention through budget to reduce taxes and interest rates for home buyers and encourage them to purchase their dream home, he added.
* Mayur Shah, Managing Director, Marathon Grou*
With the series of announcements made by the Union Government immediately after taking the chair has imposed great optimism among the real estate stakeholders. We are extremely hopeful for an impressive Union budget that would boost growth and sales in the sector. We are also expecting that the long pending demands of the real estate & housing at par with infrastructure and speedy one window approvals. We are also sure that the government will take certain steps to reduce the interest rates and make it easier for a common man to buy a house in Mumbai.
* Abhishek Kapoor – Parner, Neumec Group
The real estate industry is looking forward to this budget as it will be a first full-fledged budget after the new government’s formation. We have seen a spur of economic, social and international announcements in the recent past and hope to see something for the real estate sector too in the upcoming budget. If the sector is given industry status it will give a major impetus in the form of funding, tax incentives to affordable housing across the country. Single window clearance, regulatory bill and faster approvals has long been on the wish list and we hope the government will address it this time around. With all of this, there’s an urgent need to relook at the land bill and the real estate regulatory bill.
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...
It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.
This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
It’s nice to see them constructively engaged, and coming home happy and having felt productive in their own child little way. It’s a great way for them to bond with other young ones and feel belonged to a larger community.
Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
Now they are looking forwar..
Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.