Real Estate Market Seek Relaxation on Budget 2014-2015

The real estate builders, property buyers, investors and stakeholders are eagerly pushing their deep concentration for Union Budget 2014-2015. The new and stable government will introduce its first union budget on July 10. This will be the first budget of new and stable government and hence it brings emerging expectations along with it. With new hope that the first Union Budget of Narendra Modi will give heavy relief from difficulties of real estate builders and investors and this brings very clearness on investment standards for private equity investors.

There are some recent announcements that the real estate firm seekers and realty sector in general are looking forward in coming union budget 2014-2015. The most influencing investor requirements are revolving around their basic requirements like increasing prices of necessary goods, housing finance and jobs and housing, tax soaps, stamp duty and other lavish assets. The realty sector has a potential to generate many employment opportunities. Although, the residential sector is very profitable sector compared with other sectors.

Prime Minister Narendra Modi stated clearly in this speech that first rate infrastructure development is one of the lavish items on government agenda. This first rate infrastructure development schemes including railways, flyovers and road ways and other sectors. It will reduce some development costs of lavish projects which are widely connected to major city hubs. The rising inflation rate is one of the major difficulties for middle income segment. The higher prices of necessary lavish properties are coupled with high interest rates and reduced the reasonability. 

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