Real estate sector is in dire need of budget stimulus to fight the slowing growth. It needs such provisions in the upcoming budget that immediately bring relief to all the industry stakeholders. Apart from easier project financing avenues to the announcements towards boosting infrastructure across the regions, the industry is expecting the budget to also increase the income tax deduction limit on home loan to boost real estate demand. By Pankaj Kumar Jain, Managing Director, KW Group In the backdrop of sluggish growth and persistent low demand scenario, the real estate sector is very optimistic about the upcoming budget and hopes it will include provisions to provide immediate relief to all the industry stakeholders. While the entire real estate sector is undergoing stagnation phase due to a clear lack of buyers’ movement in the market, it’s time to generate demand to save the industry from falling into a vicious circle of negative growth. Moreover, due to unavailability ...