Post demonetization and much anticipated regularity on benami property transaction by the government there are certain uncertainties around economy among all sectors for the short term at least.
One of the affected sector is the Realty .Sector already under pressure for the past few time due to stagnant demand. There are some expectations from the Union Budget 2017 to bring some respite in terms of tax relief and expenditures. Budget 2017-2018 is expected to give a colossal thrust to the sector .Banks reduced the interests rates already post demonetization as witnesses huge deposits in bank accounts and government focus on affordable housing scheme for all .Massive incentives and schemes already announced for developers and buyers from the government.
Not much direct announcement is anticipated however indirect measures like reduction in tax slab will help in amplify purchasing power of the masses and clarity over GST is widely expected.
Stocks which might get the benefit from the announcements:
Oberoi Reality , Godrej Properties, HDIL, Sobha Developers DB Reality, NBCC, IRB Infra, Dilip Buildcon, Gaytri Projects and ITD Cementation.