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Realtors Seek Tax Relief, Land To Build Affordable Homes


Posted on September 30 2020

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Realtors' body NAREDCO claimed tax relief and increase in the supply of the land to develop the affordable homes so as to help achieve the government’s housing for all objectives.

The President of NAREDCO West, featured on public-private partnership at numerous levels from the Centre to the local government.

Stating that the affordable housing has enormous potential which he called for facilitating and reducing the taxation to create millions of houses that a common man can purchase.

We all support our Prime Minister's who has called for the Housing for All, where there is a requirement to build more than 2 crore houses. The developers face hindrances in the terms of land, environment and other issues by the activists who creel the development and create barriers which counter the very purpose of affordable housing. We require to create this as a housing revolution, as per Hiranandani.

The Managing Director of National Banking Group said that the Real estate is just like any other industry that has also experienced the ups and downs.

He also said that calling for business based on sound principles, he called for time-bound completion of housing projects to check lean costs.


Their focus should be on finding new avenues in increasing funds and completing the projects on time. 

Tax Assist is a professional income tax consultancy in India for both corporate houses and individual tax payers; the latter comprising Salaried Individuals, Seafarers, Professionals and Non Resident Indians.
 
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