Pre- Budget Quote by Mr Anant Pandit, Apex Multicons on real estate sector

PUNE, India - July 8, 2014 - PRLog -- "These are some of our key concerns which if addressed is sure to benefit the real estate industry in a big way.We expect the centre to standardise the rates of taxation levied throughout the country uniformly, which currently differs anywhere from 7%-12% which in turn are transferred to the buyer, that includes, charges like vat,service tax,stamp duty ,lbt and registration charges. Today, there is sizable difference between the gross price and the net price of an apartment/flat, reason being the additional charges including parking charges, electricity, society, VAT, service etc. We expect the centre to standardise the rates of taxation levied throughout the country uniformly, which currently differs anywhere from 7%-12% which in turn are transferred to the buyer. Decreasing the repo rates which in turn would help bring down the home loan interest rates. If the repo rates are increased it might further burden home buyers as most of them apply for home loans"

About Apex Multicons-

Apex is a growing Realty company, standing on a solid foundation of ethics and excellence and is engaged in premium property development since 2009. Apex Multicons has consistently set new standards in customer delight.We are a team of dedicated professionals who bring a deep sense of integrity and commitment to our work. Completing every project with great attention to detail, we create vibrant spaces backed by thoughtful lifestyle amenities.