We expect active participation from banks for project financing and hope for the government’s intervention to help avail the funding from banks and NBFCs. Furthermore, revised and lowered GST on raw materials such as cement and steel can be a crucial move as it will help stabilise the property prices.”
“Besides, we also hope that the affordable housing definition will be changed from 60 Sq Mtr to 90 Sq Mtr. for metro cities, and re-introduction of GST with input tax credit on under-construction properties can be addressed through the budget, as well.”
The author of this article is Mr. Shrikant Shitole, President - CREDAI MCHI-KDU & Managing Director - Tycoons Group.
The views and opinions expressed are not of IIFL Securities, indiainfoline.com
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