THE STATE BUDGET MAY BE VIEWED AS AN ELECTION MANIFESTO WITH POPULIST SCHEMES, TO BE ANNOUNCED, BUT WITH A STRICT FINANCE MANAGEMENT, THE PORTFOLIO HELD BY THE CHIEF MINISTER, KNOWN FOR HIS FINANCE ACUMEN AND STRICTER VIGIL.
THE REVISION OF DUTIES ON THE REGISTRATION OF PROPERTIES, JOINT DEVELOPMENT AGREEMENTS AND REVISION OF GUIDELINE VALUES(CIRCLE RATES) WILL ARREST THE GALLOPING TREND AND THE TDS LEVIED HAS AN ADVERSE IMPACT, THE SALES OF THE PROPERTIES HAVE ALREADY SLOWED DOWN BY 25% SINCE, A MONTH.
THE INCOME TAX DEPARTMENT HAS STEPPED UP ITS VIGIL ON THE REAL ESTATE MARKET AND THE INVESTORS HAVE ALREADY STARTED MAKING ROUNDS TO THE INCOME TAX DEPARTMENT.
THE RESERVE BANK OF INDIA MIGHT ALSO STEP IN AND REGULATE AND ADMINISTER THE HOME LOAN SECTOR, AS LARGE SCALE IRREGULARITIES HAVE BEEN NOTIFIED REGARDING EVASION OF TAXES TO STATE IN REALTY SECTOR.