Union Budget 2014-15 Reactions : Anil Kothuri, President & Head, Retail Finance, Edelweiss
Budget provides thrust to Housing and Infrastructure While it is a placeholder till a full budget is presented in February next year, the budget establishes the intent of the government to kickstart the economy and lays down the foundation for its economic agenda. It broadly address four objectives – fiscal prudence, tax and financial sector reform, acommitment to the social sector and the creation of housing and infrastructure. There are several announcements that should provide a fillip to the creation of new housing, especially in semi urban and rural India. These include the development of satellite cities, incentives for REITs, an increase in allocation for Rural Housing to the NHB and an increase in the tax exemption for interest paid on home loans.
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