Amit Mishra, Co-Founder of 91Squarefeet.

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On Real Estate 

“The real estate industry stands as a cornerstone in India’s economic growth, emerging as one of the largest employment-generating sectors.

The government should consider augmenting allocations for infrastructure projects to propel real estate growth in urban areas. Additionally, implementing a unified GST solution for real estate developers, enabling them to claim input tax credits for all construction materials, would not only lead to a reduction in property prices but also enhance transparency throughout the supply chain.

Moreover, there is a pressing need to incentivize financial institutions to create a more conducive financing environment for both real estate developers and contractors. These measures would serve as catalysts for expediting real estate projects and fostering infrastructure development.” 

On Startup 

“To catalyze the spirit of entrepreneurship in India, the upcoming Union Budget 2024 should pave the way for a progressive and inclusive Capital Gain regime for Startups, like the ones enjoyed by listed companies. This move will stimulate increased investment in the startup ecosystem and unlock unprecedented growth opportunities. Addressing ESOP taxation for Startups is vital to attracting and retaining top-tier talent, and fostering innovation and excellence.

 A holistic review of the regulatory framework is essential to create a more conducive and less stringent environment, empowering startups to thrive and contribute significantly to the nation’s economic landscape” 

 

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