Real estate industry has high expectation from the upcoming budget 2016-17. 12 lakh and 4% on loans of up to Rs 9 lakh, under the Pradhan Mantri Awas Yojana (PMAY). To provide them some relief, the government may consider allowing interest deduction in such cases without the cap of Rs. The government should recognize the capacity of REITs to improve market conditions for the real estate sector and remove the policies constraining their growth. The Budget can and should address this anomaly.Digitize all land records and registration process to make them easy to do and transparent.

Source: Economic Times January 18, 2017 06:18 UTC