Budget Reaction View CREDAI MCHI Raigad Unit

By Mr. Manish Ramjiyani, Managing Committee Member, CREDAI MCHI RAIGAD

New Delhi, February 02, 2020: “Todays’s budget has brought a welcome relief to the real estate industry, especially those in the affordable housing segment. The proposal to extend tax holiday on profits earned by developers is welcome as last year the real estate industry has suffered due to low sales figures. The government has also extended additional Rs.1.5 lakh tax benefit on interest paid on affordable housing loans which is a relief to home buyers. This along with the revision of the income tax slabs will encourage home buyers to invest in their dream homes. The budget has also announced an investment of Rs 103 lakh crore in various infrastructural projects which will enhance the connectivity and we hope that it has a positive impact on the property prices.”

Corporate Comm India(CCI Newswire)