Mar 1 2016 | Budget Talk

Sanjay Rastogi, Director, Saviour Builders Pvt Ltd

With a fiscal deficit target of 3.5 %, government had come up with a very growth oriented and a balanced budget which may fetch positive results in long run. There have been some major announcements for Realty sector which are good for both customers as well as developer community. Our long pending demand for Real estate regulator and single window approval has not been addressed which is quiet disappointing. But, the move to improve the affordable housing segment through tax exemptions is commendable. Rent-givers have also increased tax exemption limit of Rs 60000 which was earlier subjected to Rs 20000 only. Furthermore, infrastructure development has been assigned a decent amount which eventually will benefit real estate.

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