Budget Reaction – Mr. Anil Saraf, CMD, ASF Group

New Delhi, Mar 07, 2015
“Mr. Arun Jaitely’s first full budget provides a road map for realizing India’s growth potential, and fosters the much needed consolidation to infrastructure. Taking cue from the union government’s emphasis on growth and development, we can now expect the RBI to have more room for lowering the interest rates. A combination of tax incentives and lower home loan rates will surely give a much needed fillip to real estate sector. Rationalization of capital gain tax regime for REITs is also a welcome move, which will provide more investment opportunities to people having disposable incomes. Monetization of Gold is another positive step, which will enable investors to monetize their investments in Gold and seek other investment avenues, including by way of real estate. The only disappointment is that the housing sector has not been accorded infrastructure status which lets hope will come by surely, sooner than later. Net-net, this is a forward looking budget, aimed at wholesomely attracting investments from domestic as well as foreign entities “

CCI Newswire