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Dr. Anil Kumar Sharma highlights the Budget Expectations

Amrapali Group is a widely known and trusted name in the real estate sector. Under the leadership of Dr. Anil Kumar Sharma, Chairman and Managing Director, Amrapali Group, the company has established benchmarks of quality and excellence in the real estate sector. He is the mastermind behind the conceptualization of Amrapali Group. He has to his credit an M-Tech degree in Civil Engineering from IIT Kharagpur and MBA & LLB (Law) from Patna. Mr. Sharma has value experience and expertise in the field of Strategic Planning, Budgeting, Project Management and Construction Management. His interest and passion for construction & development propelled him into the realty sector.

Highlighting the budget expectation Mr. Sharma stated that, “To achieve the mission of ‘housing for all by 2022’, government need to give appropriate income tax rebate & tax sops on the purchase of the affordable home. They have to restructure the bank loans and give single window nod for realty project to avoid the approval delays. Also, in terms of promoting affordable housing the section 80 IB (10) should be reintroduced in the budget for 2016¬ 17 fiscal years. Last but not the least, Industry status for the housing sector will help the developers to get bank loans@ less interest rate and pass on the benefits of affordable housing to end users. By keeping interest rates below the 9% and repo rates stabilized for housing sector will help buyers to show their interest to invest in realty sector that will help to boost our GDP to double figures and fulfill the mission “Housing for All 2022”.