Union Budget 2014-15 Reactions: Pon Ravichandran, Director, Green Tree Homes & Ventrues Pvt Ltd
Today’s home buyer’s capability to buy a home has reduced because of the Inflation, India as a country has a maximum population as middle income group. With the interest rates going high, the people who are the frontrunners in this field are made to suffer the burden of the Inflation. The government’s decision to increase the tax exemption interest component on housing loan raised to Rs 2 lakh from Rs 1.5 lakh is very much needed for the customer who buy their dream homes. The proposal for setting up 100 smart cities at a cost of Rs 7060 crores is well planned by the government. This will have a tough competition for the developers to raise the bar for the execution in the Industry.