Budget expectation quote, real estate GST-related queries from Sunteck Realty as below:

Mr. Kamal Khetan - Chairman & Managing Director, Sunteck Realty

“To benefit home buyers, the Government of India should consider lowering GST rates to increase demand for under-construction developments. Additionally, reintroducing Input Credits would help developers reduce the tax burden and in turn benefit the customers, which further would also ensure a good supply of residential developments.

The sector is also hopeful that the long-awaited proposal for the digitization of land property records and implementation of a unique land identification number will be passed. These measures are seen as crucial for improving transparency and efficiency in real estate transactions."