Anil Sharma, Brotin Banerjee and Getamber Anand on real estate and Union Budget 2016

The Union Budget 2016 was presented in parliament with lots of hopes and improvements’ scope in rural areas along with affordable housing schemes. Numerous land developers expressed their expectation pre-budget presentation and contentment post-budget presentation. They all agree to the point that affordable housing projects’ development may help in reviving slow realty industry.
Anil Sharma, CMD, Amrapali Group said, “The supply of affordable housing projects would go up in tier ll and tier lll cities, checking the rise in price. Industry status for the housing sector will help the developers to get bank loans at less interest rate and pass on the benefits of affordable housing to end users. By keeping interest rates below the 9% and repo rates stabilized for housing sector will help buyers to show their interest to invest in realty sector that will help to boost our GDP to double figures and fulfill the mission “Housing for All 2022“.

Other realty experts also had a say in it, like the MD and CEO of Tata Housing, Brotin Banerjee, who said “additional exemption of Rs. 50,000 for houses under Rs. 50 lakhs will help bring in first buyers to the market…We may see a lot of traction in the affordable housing space”.
Even the CREDAI president, Getamber Anand expressed his feelings on the expectations meeting reality, where he said, “It is overall a very positive budget for the real estate sector and CREDAI is certain that this will spur the market and induce the home buyer who has been waiting ever since for some special incentive to actually be able to buy a house. The Finance Minister has taken the right steps to boost housing sector and ensure that ‘Housing for All by 2022’ becomes reality.”

source: http://pressroom.today/press-release/anil-sharma-brotin-banerjee-getamber-anand-real-estate-union-budget-2016/

Dr. Anil Kumar Sharma highlights the Budget Expectations

Amrapali Group is a widely known and trusted name in the real estate sector. Under the leadership of Dr. Anil Kumar Sharma, Chairman and Managing Director, Amrapali Group, the company has established benchmarks of quality and excellence in the real estate sector. He is the mastermind behind the conceptualization of Amrapali Group. He has to his credit an M-Tech degree in Civil Engineering from IIT Kharagpur and MBA & LLB (Law) from Patna. Mr. Sharma has value experience and expertise in the field of Strategic Planning, Budgeting, Project Management and Construction Management. His interest and passion for construction & development propelled him into the realty sector.

Highlighting the budget expectation Mr. Sharma stated that, “To achieve the mission of ‘housing for all by 2022’, government need to give appropriate income tax rebate & tax sops on the purchase of the affordable home. They have to restructure the bank loans and give single window nod for realty project to avoid the approval delays. Also, in terms of promoting affordable housing the section 80 IB (10) should be reintroduced in the budget for 2016¬ 17 fiscal years. Last but not the least, Industry status for the housing sector will help the developers to get bank loans@ less interest rate and pass on the benefits of affordable housing to end users. By keeping interest rates below the 9% and repo rates stabilized for housing sector will help buyers to show their interest to invest in realty sector that will help to boost our GDP to double figures and fulfill the mission “Housing for All 2022”.

source: http://newshour.press/real-estate/dr-anil-kumar-sharma-highlights-the-budget-expectations/