Sentiments in Real Estate Sector are Turning Positive:-
We are hopeful that the forthcoming Union Budget for 2016-17 will bring positive news for the industry.
To revive the overall growth in the sector, some top-priority polices and reforms like GST, single-window clearance system, reduction in home loan rate by an additional 2%, infra structure status, and rebate in income tax must be brought in. For the last couple of years, the drive was missing in the sector. Despite real estate being very critical sectors for the economy as a whole, nothing was done about it. The government must also focus on job creation, which would put money in the hands of millions of people and raise a commensurate demand for housing.
The real estate supports more than 300 industries and it is one of the largest employment generators–this is one sector where the government’s ambitious “Make in India“ can easily be met. As the NDA government already has mega flagship programmes like `Housing for all by 2022′ and `100 Smart Cities’, we expect this sector to get the right attention at the highest level.
Some days back an ad has been seen in TOI that Jaypee Greens is going to provide possession of 5300 units in Jaypee Greens Wish Town Noida so by this advertisement the hopes turned in positive way. Metro connectivity is going on fast track to connect Noida and Greater Noida with the rest part of NCR. Seeing such infrastructure development, sentiments of buyers are turning in positive way.