Feb 15 2017 | Budget Talk

BUDGET REACTION | Agyendra Jha, M.D & C.E.O, Wings Lifespaces

"The Union Budget comes across as a bonanza to the Real Estate Sector. This is especially due the Infrastructural Status given to the Affordable Home segment. The introduction of this policy will help the developers in raising adequate funds both from various funding routes and that too at a better interest rate. This policy will subsequently help in increasing demand in this sector. Also policies like '1 crore rural houses to be built by 2019' and 'Carpet area will be considered Instead of Built up area of 30 and 60 sq meters for affordable housing' will boost the affordable home segment massively. The reduction in the LTCG holding period from 3years to 2 years will benefit our investors and will get more investment from investors especially the retail ones which in return will boost the growth of the Real Estate segment. Also the descrease in the tax % will have positive impact on the Real Estate Segment in terms of demand. As this reduction will result in an increase in the disposable income of the general public who will then invest their savings in this segment."

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