Milind Korde, managing director (MD), Godrej Properties, (Q,N,C,F)* commenting on the budget said, “We feel its a budget that focuses on a more inclusive growth. The emphasis on infrastructure and on improving the investment environment will ensure an all round development. GDP numbers projected for the coming years indicate that we will revert to the earlier high growth path soon. Modifications in income tax slabs will benefit people by way of increasing their disposable income.“
“The extension of the interest subvention for home loans up to Rs 1 million (where the cost of house does not exceed Rs. 2 million) indicates the government`s focus on low cost housing. However, more needs to be done to encourage the real estate sector which, arguably, is one of the largest employment generator and supports over 200 ancillary industries,“ he added.