Anshuman Magazine, Chairman and CEO of CBRE for India, South-East Asia, Middle East and Africa, emphasized the need for tax reduction, especially in Goods and Services Tax (GST), to boost demand for affordable housing. He highlighted the potential for fiscal stimulus to further improve the economy, which has shown promising growth. Magazine also pointed out the significance of lowering GST rates in the real estate and construction sectors to encourage investment in affordable housing. Additionally, he discussed the transformation of the real estate sector over the past decade, attributing it to the regulation through RERA and increased institutional investment. The upcoming budget is anticipated with high expectations from various sectors, including real estate, to provide necessary fiscal measures to sustain and accelerate growth.
Source A2ztaxcorp
