Here’s looking at what Indian companies and startups have to say about Budget 2016-17: Home services and real estate companies: - Anuj Srivastava, CEO and co-founder, Livspace – “Tax holiday for startups for 3 of 5 years of setting up the company and Amendment to the Companies Act to ensure speedy registration and boost start-ups are great indicators of the government’s move to promote the Start Up India movement and culture in India. Also the allocation of funds for multi skill development centres will ensure that the key gaps in acquiring the right kind of talent for startups are met commensurately.” - Jason Kothari, CEO, Housing – “.. We do welcome the government’s acknowledgement of the role startups play in job creation, and the tax holiday for the first 3 years of starting a company. We expect the real estate sector to benefit from the government’s focus on the infrastructure sector, notably roads and highways, and its promise of a new more effective credit rating system of infra projects that will enable high quality projects to attract more funding. The digitisation of land records under the integrated land management system will go a long way in simplifying land acquisition for projects.” - Ganesh Vasudevan, CEO, IndiaProperty – “.. For the real estate sector the budget 2016 hardly has any direct benefits. On one hand where the budget focuses on rural and BPL population, on the other hand it completely ignores the common man who are the main tax payers in the…
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