Budget 2013 is expected to offer some hopes to the home buyers as finance minister has signaled some special provisions for the affordable housing segment.

Budget 2013 likely to boost affordable housing.

Budget 2013 is expected to be a real estate- friendly budget as there will be some special provisions to boost the housing segment in the country. Union finance minister P Chidambaram has already hinted that the government has plans to confer infrastructure status at least to the affordable housing segment.

Demands of the realtors are many and may have an end for any of them. They seek tax exemptions, lower interest rates for their loans, lowering the cost of finance for construction sector, and so many others. Some of them demand Single –window clearance for speedy approvals.

Besides all the above said demands, realty players have recently asked for infrastructure status to the entire real estate sector as it would enable them to attain some tax benefits. Continue reading →