The Indian real estate sector is eagerly looking forward to the Budget 2013 to bring about reforms that will turn the Indian economy. Major realty developers and experts agree on their demands and amongst these the most important and strongly voiced demand is that of bestowing real estate with the status of “industry”.At present the Indian real estate is a largely unorganized sector. The popular demand of the real estate builders and developers right now is for the government to give real estate the status of industry and unify it under a single regulatory body. This way the Indian real estate sector can receive the benefit of various government policies like all other industries. This would also mean a single window of clearance and faster approval of projects. The Vice-President of CREDAI, Anil Sharma feels that the demand comes at the right time as real estate is not only a fast growing sector, it is also the major source of income for a large number of people.The realty sector is also demanding an exemption of taxes on EMI and on interest on home loans. This would encourage middle class population who make for 60% of buyers and investors of real estate. Dr Priya Ranjan Swarup, Director General, Construction Industry Development Council (CIDC), says, “More funds and sanction of projects to the major infrastructure sectors, such as Transportation, Affordable Housing, Renewal of Urban Infrastructure, Energy & Utilities, would certainly help the real estate of the country.” The real estate sector is also demanding tax rebates in custom duty and on new construction technology, such as precast technology etc.Keeping the middle class in mind, real estate sector is demanding that the government to make policies that would give priority to tax rebates to the middle class and promote the development of affordable housing. Building affordable houses will encourage the middle class to buy and invest in real estate which will in turn encourage builders and developers to concentrate more on the construction of affordable homes. The inflow of cash will fuel further growth of the real estate sector.займ на карту без отказов круглосуточновзять кредит онлайн