#Budget2017: 5 Things Real Estate Allied Sectors Are Expecting

Most of the times our discussions revolve around how hard real estate developers of India are finding to cope with the tough times of today. However, another thing that requires our equal attention is the fact that the difficulties faced by real estate allied sectors are no less grave in nature. At a time when the Central government is working to providing Housing for All by 2022, these sectors will need an increased government support to rise up to the occasion.

Here are five things real estate allied industries are expecting from Finance Minister Arun Jaitley's Budget 2017-18:

Incentivise green practices

As India moves further towards urbanisation, the focus shifts towards use of green energies in building. In fact, environment-friendly constructions are become part of the overall planning for real estate developers. In a scenario like this, suppliers and makers of environment-friendly construction material would be expecting government support for their businesses to grow further. Despite all the noise about it, there are not any real incentives for following green practices.

Also read: #Budget2017: 5 Things Investors Want From Jaitley

Compensation for toll operators

After demonetising currency notes of high value, the government decided to provide people toll exemption on national highways, as a result of which toll operators took a major hit.  To upgrade their systems to make suitable for the current situation, these toll operators also had to put in a lot of investments. These toll operators are expecting compensation as part of the Union Budget.

Reduction in cement prices

Despite being a key component required in construction, cement is subject to heavy taxing, and the rate ranges between 27 and 30 per cent. In fact, it is much higher when compared to other Asian countries. With the implementation of the Goods and Services tax, this is likely to come down in the range of 18 to 20 per cent. Even then, the import duty on the commodity is also quite high. The cement sector is also expecting a reduction in this regard. As the demand for the commodity is likely to shoot up in future, the government may have to launch more incentives for this sector.

Also read: #Budget2017: What Taxpayers Want From FM

Emphasis on solar energy sector

Prime Minister Narendra Modi's Make in India campaign has yet to pick up pace. The renewable energy sector is one areas where the country's potential as a maker could be explored. By offering in his Budget incentives to the creators and users of cleaner energy options, the finance minister will not only help India go green abut also help the sector a great deal. There has also been demands for providing easy loans for buying solar energy equipment by making solar energy sector a priority lending sector.

A financial package for steel industry

Despite the many efforts, the steel sector is under tremendous financial stress. The industry is hoping for a financial package. This could include lowering of import duty on steel-making raw materials and an exemption from the clean energy cess. 

Also read: #Budget2017: Can This Be A Good Year For Salaried, Genuine Home Buyers?