Budget reaction from Arvind Subramanian, CEO, Mahindra Happinest (Affordable housing arm)

New Delhi, July 06, 2019: ‘The budget provides commendable impetus to affordable housing, both in rural and urban India.  Increased interest deduction of Rs 3.5 lakhs for housing loans availed until March 2020 on affordable homes costing up to Rs. 45 lakhs will boost residential sales and improve affordability.  Focus on road infrastructure, the model tenancy code aimed at streamlining the Indian rental market and the proposal to make government land available for affordable housing development will create an enabling environment for accelerated growth in residential real estate in India.’

Corporate Comm India (CCI Newswire)