Harresh Mehta, CMD, Rohan Lifescapes shares his views on upcoming budget

“Real estate sector in India caters to nearly 250 plus segments across industries and it is also covered by 100+ regulatory laws. There are currently several grey areas when it comes to schemes, taxation, funding and others where the government should provide a helping hand and the same is expected in the upcoming Union Budget 2022.

One of the key expectations out of all is to expect some relaxation in taxation slabs which will help the sector flourish by creating new avenues. Union Budget 2022 is expected to deliver the dynamic favorable policy to the housing sector as it is one of the largest sectors when it comes to contributing to steel, cement, employment and other parallel segments. If the expectations are considered then soon the sector should start showing signs of recovery and highlight the future potential, which IIMs holds.