As the Budget 2020 gave 100% tax exemptions on interest, dividend and capital gains income to sovereign funds, consultancy firm JLL says it will “boost investments” in key real estate verticals.
Ever since FDI restrictions were lifted in 2005, the investment flow has been over $25 billion—70% of which has come between 2015 and 2019. Now, 2020 is also expected to be an action-packed year.
While the Budget brings relief to the affordable housing sector, the removal of exemptions under the new income tax regime comes as dampener for the real estate sector.
A cut in personal tax rates to spur consumption could lift shares of auto, consumer durables, and FMCG companies.
Gautam Hari Singhania is hoping they will as he encourages handpicked professionals to reimagine the lifestyle and consumer businesses and even go where the group has never gone before: real estate.
A Knight Frank study ranks India 47th among 56 countries in terms of appreciation in home prices.
The liquidity crunch in the country’s top two real estate markets—Mumbai Metropolitan Region and National Capital Region—is unrelenting, according to ANAROCK Capital.
Women in senior roles are still a minority in the global alternatives industry; their representation grows just 0.9% in two years.
India needs to develop professionals with advanced skills and enhance construction standards to ensure a robust real estate sector.
About 63% of the total foreign private equity investments was in the commercial real estate space, while the residential sector attracted just $1.5 billion in funding.
