NEW DELHI: Real estate industry experts feel that the Union Budget 2021 presented on Monday was largely disappointing as it failed to address most of the expectations the sector had especially after the impact of Covid-19. On an overall basis the Budget 2021 was pragmatic, however, there were very limited announcements for the real estate sector. It would have been enabled us to provide real estate solutions to clients at economical rates and helped in better flow of working capital. Apart from these, input tax credit under GST is an important issue that concerns the sector. This would have checked the increased outflow of cash that co-working firms are currently experiencing, said Manas Mehrotra, founder, 315Work Avenue.

Source: Economic Times February 01, 2021 11:30 UTC