The growth of building products industry hinges on the booming real estate sector. As the Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2020 on February 1, Rajesh Mehra, director and promoter of Jaquar Group shares the wishlist that he feels would boost the realty should the Modi-led government accept them. Here are Mehra’s expectations:
“Easing liquidity will be the primary expectation for the sector from the Union Budget 2020-21. Initiatives from the government that act as consumption boosters for the affordable segment like rebates on housing interest loans, would greatly help put back the power into the hands of the consumers. Alternative investment funds for stressed residential projects and GST recalibration on construction raw materials will reduce the price burden passed on to home buyers – especially in the tier-III and IV markets and boost construction in those markets. For the lighting segment too – incentivising consumption for LED lighting would pave the way for energy conservation overall.”
