Budget 2018 wish list: Smooth launch of REIT, infra status to real estate
Budget 2018 wish list: Smooth launch of REIT, infra status to real estate on Business Standard. The year 2018 is likely to be steady in terms of institutional investment into real estate
Union Budget 2018 Budget 2018: This is what the real estate sector wants from FM Arun Jaitley Before Union Budget 2018-19, Business Standard looks at the key sectors of the economy and what they expect Finance Minister Arun Jaitley to do to improve their business in the coming financial year Prime Minister Narendra Modi’s plan of building homes for all by 2022 is set to boost the economy by $1.3 trillion, create 60 million new houses and over 2 million jobs annually. The year 2018 is likely to be steady in terms of institutional investment into real estate. More longterm and patient capital from stronger entities such as pension and sovereign funds is expected to enter the sector. We may also see a return of some equity investments in the residential sector. graphKey issues or areas of concern for the sector * Rental yields in India are among the lowest in the world at 2.2% * Complex regulations at the municipal level such as construction permits and property registration Industry wants
* Grant infrastructure status to real estate, SEZs and industrial parks * Include stamp duty as a part of GST * Smooth launch of India's maiden Reit this year, with all tax and regulatory hurdles crossed
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