SARE Homes Reaction on Union Budget 2015-16

Mr. David Walker, Managing Direction of SARE Homes:

"We are also enthused by the reduction of the corporate tax and MAT as it will help operations of corporations. The Government's move to rationalise the capital gains regime for REITs and InvITs however will be beneficial for the commercial realty space. Budget once more falls short of meeting the expectations of the real estate sector, mainly the residential housing segment. The sector will have to continue to wait for its foremost demand for a separate infrastructure status and other measures which would have rejuvenated the weakened demand which had adversely hit the sector.”

Mr. Vineet Relia, Managing Direction of SARE Homes:

“The budget scores high in terms of the right signals for the industry at large. While the FM did not mention real estate specifically but the industry will benefit from big push on surface transport and overall corporate benefits will fuel growth leading to more buoyancy. Overall very good for long term.”