Quote on Expectations from Union Budget for Real Estate & Infrastructure Sector.
Siraj Saiyad, Director, ARETE Group
"At a time when the country is anticipating another threat due to the outbreak of the Omicron virus that may reach its peak in February as per experts, viz. Also around the time of the Union Budget, the industry looks forward to the much-needed incentives in the upcoming budget, especially as the real estate sector is the primary contributor to the uptick in the economy. The existing tax exemption on housing loans should be raised. Personal income tax could be made easier in terms of heads and filing in the budget. We also expect the budget will further focus on investments in infrastructure and capacity building.
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About ARETE Group (areteservices.in)
Incorporated in 1990, ARETE Group has 30+ years of invaluable experience and expertise in land acquisition, development of infrastructure, along with aiding companies with regulatory approvals. ARETE (derived from the Greek word ‘Arete’ meaning ‘excellence’) works in a wide range of business verticals – real estate, Industrial parks & development, hospitality, retail & investments, etc. Today, ARETE Group is one of the renowned names in industrial park development.
