Budget update 2019
16 Things the budget have in store for the real estate sector
The budget proposal for 2019 was tabled to the Parliament on 5 March 2019 by Minister of Finance Mangala Samaraweera. The RIU welcomes several initiatives proposed in the budget that have the potential to uplift the real estate sector and, is, overall, of the view that such proposed initiatives would drive the demand for real estate in Sri Lanka. The following section will scrutinize the proposals that have a bearing on the real estate sector and their potential impact.