Post-Budget Reaction for RE sector by Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory

New Delhi, February 02, 2020: “The government has attempted to catch the bull by its horns. The budget demonstrates the government’s resolve to focus on demand generation, spurring jobs, increase infrastructure spends, attract foreign institutional investors and increase farm income. The decision to offer an optional tax regime that reduces the direct tax on personal income, will help increase the home loan EMI appetite of the consumers and will have a significant impact on generating demand for real estate. The government’s decision to further bolster the guarantee scheme for NBFC’s & HFC’s and offer subordinate debt to MSMEs, will to a certain extent, help bring liquidity in the market alongside the abolition of DDT. The tax holiday for developers of affordable housing and the extension of home loan interest benefit for affordable homes by another year is a welcome step for real estate. It is a positive step towards realizing the Prime Minister’s vision of housing for all by 2022. All in all – A good budget that rekindles hopes of a $5 trillion economy by 2024.”

Corporate Comm India(CCI Newswire)