4 ex­pec­ta­tions from the Bud­get ses­sion 2016

HT Estates - - HTESTATES - HT Es­tates Cor­re­spon­dent

Bud­get ses­sion of 2016 will be ex­tremely crit­i­cal. Slug­gish de­mand has meant that 1,80,000 apart­ments re­main un­sold i n Delhi NCR fol­lowed by Ben­galuru (with 94,000 apart­ments) and Mum­bai ( 80,000); many home­buy­ers are pay­ing a heavy price for projects be­ing de­layed for one rea­son or the other. Reg­u­la­tory bill must see light of the day: Dis­cus­sions on the real es­tate bill must reach a pos­i­tive con­clu­sion, which will give home­buy­ers the con­fi­dence to re­turn to the mar­ket and deal with re­spon­si­ble builders, says David Walker, managing director, SARE Homes.

Grant in­fra­struc­ture sta­tus: “We are pin­ning all our hopes on t he up­com­ing union Bud­get 2016. Get­ting in­fra­struc­ture sta­tus has been a long pend­ing de­mand of the real es­tate sec­tor and this time too we hope that we will be given in­fra­struc­ture sta­tus so that de­vel­op­ers can avail fi­nances at cheaper rates from fi­nan­cial in­sti­tu­tions,” says Manoj Gaur, MD, Gaur­sons In­dia Ltd.

Sin­gle window clearance: Buiders are wait­ing for the in­tro­duc­tion of a sin­gle-window clearance sys­tem so that ap­provals are re­ceived on time and time­lines met.

In­tro­duc­tion of spe­cial res­i­den­tial zones ( SRZs): The Na­tional Real Es­tate De­vel­op­ment Coun­cil ( NAREDCO) has de­manded cre­ation of Spe­cial Res­i­den­tial Zones (SRZs) for af­ford­able hous­ing on the lines of Spe­cial Eco­nomic Z o n e s ( S E Z s ) whe r e spe­cial con­ces­sions and in­cen­tives can be given along with sin­gle window clear­ances.

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