The major players of real estate industry has lined up their demands and expectations from the forthcoming Union budget 2010-11. The developers expect the government to pay special attention towards this sector and come up with requisite incentives and schemes, benefiting the real estate industry.
The industry is looking forward for stabilized bank interest rates and reduced stamp duty in the upcoming Budget, since the formerly mentioned are the major reasons for the potential buyers to back out. Besides, they also expect more transparency and simplicity in the various processes involved while dealing in real estate sector. While affordable housing eternally remains the real sector's top concern, it also seeks high-priority provisions from the government for laying down the necessary infrastructure to open up new areas.
Majority of the industry people want the government to put down firm principles in terms of property dealings and quality parameters in terms of rating of constructions. Also, flexibility in FDI norms would be welcomed by the real estate players.
