A positive budget for the real estate sector says Manju Yagnik, Vice Chairperson, Nahar Group

By Accommodation Times News Services

Manju Yagnik, Vice Chairperson, Nahar GroupWe welcome the Finance Minister Mr. Arun Jaitley’s Budget 2016 presentation today which is a positive budget over all. This will give boost to the economy in long run as it focuses on the expenditure rather than giving direct rebates. This budget as expected proposes to give a larger thrust to affordable and low cost housing, for buyers and for developers alike, bringing relief to the low income group and mid segment of home buyers, who constitute the bulk of housing demand in India. This has the potential to spearhead growth of the ancillary industries allied to realty sector, increasing job opportunities, thus creating a positive sentiment for the overall housing sector.

 

The proposal of 100% deduction to undertakings for construction of affordable housing will give a boost to affordable housing segment in the country.

 





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