- Real estate developers in Noida and Greater Noida hope for industry status and address GST concerns in the upcoming budget
- They seek government support beyond fiscal incentives for transparency and efficiency
- Industry body CREDAI suggests tax incentives, improved tax structures, and single-window clearance policy to encourage investment
- Reforms such as lower income taxes, simplified tax legislation, and lower GST rates on building materials are expected to boost the real estate sector
- Experts emphasize the need for industry status, incentives for affordable housing, and innovative financing mechanisms
- Suggestions include 100% relief on GST for low and mid-income housing, reintroducing GST input credits, and increasing home loan interest exemption
- Tax slabs should be raised and the limit of affordable housing revised to improve housing accessibility
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
