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Follow on Google News | ![]() Expectations from Union Budget and its Impact on Infrastructure InvestmentsRealty Industry and Infrastructure Investments are greatly affected by Government Policies and Interests. Union Budget for 2013-14 holds lot of expectations at the Policy Front by Government to actually boost up investors sentiments and interests.
By: Premia Projects Ltd Therefore to attract investment into the infrastructure sector effectively, restoration of a separate limit to Section 80 CCF outside Section 80 C would allow various government undertakings to issue tax-free bonds for making investments in railways, power, housing and highways. Private infrastructure companies should also be allowed to issue such tax-free bonds for various infrastructure activities. Exempting holding companies from the payment of dividend distribution tax, if holding companies invest the dividend received from their subsidiary units in the infrastructure business will also work in this regard. On the housing front, presently the Government offers interest subvention of 1% for low-cost housing loans up to Rs 15 Lac, provided the housing cost does not exceed Rs 25 Lac. Implementing the interest subvention scheme extended to the total housing cost of up to Rs 35 Lac is desired. This sector has one of the largest multiplier effects and an incentive for investments in low-cost housing would create demand in more than 200 industry sub-sectors. Quoting on the expectations from the Budget to bring a positive impact on Infrastructural Investments, Tarun Shienh (Managing Director, Premia Projects Limited and a Real Estate Expert said, “Budget with a provision for restoring the separate limit u/s 80 CCF outside section 80 C will going to boost investment in the infrastructure and realty sector”. Follow Tarun Shienh on Facebook: https://www.facebook.com/ Follow on Twitter: http://www.twitter.com/ End
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