As Finance Minister Nirmala Sitharaman readies to unveil her maiden Union Budget on July 5, 2019, Mr Rishi Jain, Managing Director, Jain Groupshares his expectations in the Union Budget.
This Budget will essentially send out the feelers and first signals of what the Modi2.0 government’s economic agendas are.
As with any budget the Industry expects some stimulus to turn the economic wheels faster. Revival of 80IB , GST revisions and facilitating better credit opportunities from Banks and NBFCs are some expectations of the Real Estate Developer fraternity.
On the Hospitality front again, the GST rates on semi luxury properties should be revised and stimulus to develop asset heavy properties are need of the hour.