Post Budget reaction from Real Estate – Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Limited

New Delhi, July 06, 2019: “The finance minister has made an attempt to de-bottleneck issues surrounding real estate – both from the buyer side as well as financing side for developers. In order to meet the housing for all by 2020, there is a direct intervention through exempting additional interest deduction of Rs. 1.5 lakh for home buyers under the affordable housing sector. Whereas, sticking to fiscal path consolidation will result in a low-interest rate for home ownership for everyone and at the same time promise to look at tenancy law is an encouraging step for multiple homeowners. On financing side for developers, recapitalization of PSU banks and support to securitization for NBFC assets will definitely be helpful in providing liquidity and credit flow to developers.”

Corporate Comm India (CCI Newswire)