PROPEQUITY's PRE-BUDGET EXPECTATIONS 2013-14

Please attribute the given quotes to Samir Jasuja, founder and chief executive officer at PropEquity, a real estate data, analytics and intelligence firm.

Gurgaon, India (prHWY.com) March 4, 2013 - * We hope the central government in this budget will grant an industry status to the real estate sector. In our view this will enable the sector to raise debt from financial institutions at lower & competitive rates and at reduced collateral values. As most of the developers are cash strapped today and are raising debts at interest rates as high as 18-24%, this move would help to partly relieve the liquidity crunch crisis.

* We look forward to the Government providing tax incentives for developers who construct affordable homes up to 30 lacks in Tier 1 cities.

* With the increasing housing prices, we expect that the tax rebate on principal loan should be put under a separate section rather than clubbing it with other tax saving instruments under Section 80 C.

* A hike in "interest on home loan" deduction limit from Rs 1.5 lacks to Rs 3 lacks would be a welcome move for home buyers.

* Along with the above provisions, we hope the Real estate regulator bill shall be tabled during this budget session. It is going to be very helpful for individual consumers particularly for retail buyers. It will ensure corporate governance at developer level and will help to bring enough transparency in the sector.


About PropEquity:
PropEquity is India's first online real estate intelligence platform that tracks over 45,000 projects of 8,200 developers over 40 cities and features over 5 years of catalogued data on the platform.

P.E. Analytics, the company behind PropEquity is built on pure innovation. The products created by the company are unique in Indian context and have been validated by the market and marquee customers. The company's endeavor is to create an information service enterprise through continuous innovation and integration of real time data, analytics and cutting edge technology to achieve higher transparency. Its key beneficiaries include over 100 Real Estate PE Funds, Developers, Institutions, Retail and other industries that need research, data and analytics. It currently has 250 employees.

PropEquity's offering include Collateral Risk Management, Realty Index, B2C - One Click Report and Catchment Area Analysis.

P E Analytics has been founded by Samir Jasuja, a serial entrepreneur with over 18 years of domain experience in Real Estate, PE & Financial Services. Catch us live at our Electronic Media Coverage". http://www.propequity.in/web-theatre.aspx

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Tag Words: real estate data, real estate business

Categories: Business

Press Release Contact
Gaurav Pandey
Senior Vice-President, Head- Research & Consulting
gaurav.pandey@propequity.in
http://www.propequity.in

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