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Budget 2016: Realtors Seek Loan Restructuring, Tax Sops

Faced with acute slowdown in demand and delay in delivery of projects, realtors' apex body Naredco today demanded tax sops for affordable homes and restructuring of bank loans.

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Budget 2016: Realtors Seek Loan Restructuring, Tax Sops

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  1. Budget 2016: Realtors Seek Loan Restructuring, Tax Sops Faced with acute slowdown in demand and delay in delivery of projects, realtors' apex body Naredco today demanded tax sops for affordable homes and restructuring of bank loans. As part of its pre-budget Click Here recommendation to the government for revival of the sector, National Real Estate Development Council (Naredco) has sought infrastructure status for the housing sector, industry status of the entire real estate sector, which would help the developers to get bank loans at less interest. "We have submitted our pre-budget 2016-17 memorandum to the finance ministry and Housing and Urban Poverty Alleviation. We have demanded infrastructure status for housing and single- window approval for realty projects," Naredco President Parveen Jain told reporters here.

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