The real estate sector saw many ups and downs in the year 2017, whether in the form of Demonetization or announcement of many structural policy reforms which otherwise led to the complete overhaul of the real estate industry. With budget 2018 on its way, the realty sector is restraining its hopes for relief measures like lower taxes and infrastructure status.
Key issues or areas of concern for the sector
Industry Status: It’s been a long pending demand of real estate players that this sector must be allotted an ‘Industry status’. Because of no such status it becomes difficult for the real estate sector to avail legitimate finances from banks and other financial institutions. As per many experts, industry status to the sector can help it in getting low-cost loans and in turn reducing project costs, which will finally benefit buyers.