Higher Plywood & Wood Demand in the Future , Specially in Affordable Housing Sector

There is an express requirement for more Tax sops for homebuyers. The INR 2 lakh charge discount on Housing advance interest under Area 24 of the Annual Assessment Act ( Income Tax ) should be climbed to basically INR 5 lakh.

From my view Universal law for all cities will hamper the growth of housing sector

However, maybe the most significant demand is for changing the cost data transfer capacities for homes to qualify as reasonable lodging to line up with the market elements of various urban areas. For case, a value band of INR 45 lakh or the following is unreasonably low in a city like Mumbai, where it ought to be expanded to INR 85 lakh or more, different experts have proposed the same .

Why? says an industry expert .The growth traction in affordable segment would drive higher demand for the commercial grade plywood category if this is done.

THE Advancement of the Carpentry INDUSTRY, INDIA

At the Very front The interest for wood furniture. has expanded complex in India. India is the fifth biggest furnishings maker at a worldwide level and the fourth biggest purchaser of furniture. The market was esteemed at $ 17.4 Bn in FY21 and is anticipated to reach $ 37.7 billion by 2026.

Luigi De Vito, President, Eumabois (European Federation of Woodworking Machinery Manufacturers, SCM Group General Manager and SCM Wood Division Director is upbeat about the scope of the Indian market industry., India enjoys a favourable place in the Asian 23 market, it has the technology, the talent as also the demand. So, all in all it is for sure worthwhile to invest in India looking at the great potential the country has on offer

22-Nov-2024