Feb 15 2017 | Budget Talk

BUDGET REACTION | Atul Banshal, President, Finance & Accounts, M3M Group

“The Union Budget has provided quite a few incentives to the real estate sector. The status of infrastructure provided to the affordable housing segment will provide it a big push. This will generate ore investments and funding to the sector resulting in bringing down the cost for the developers. Additionally, the size criteria for qualifying for affordable housing has now changed. This will make affordable housing units more attractive for the buyers as they now will be able to get bigger houses. Investors also stand to benefit as the holding period has been reduced from 3 to 2 years for qualifying for long-term capital gains. Developers, homebuyers and investors all stand to benefit from the budget.”