Post-Interim Budget-Mr. Monu Ratra, CEO, IIFL Home Finance Limited

New Delhi, February 02, 2018:  “At first glance, the interim Budget 2019 looks promising particularly for the affordable housing segment. The most encouraging proposal of the interim Budget 2019 is the tax rebate on income of up to Rs.5 lac p.a. and also other income tax benefits that will empower home buyers with more disposable income to buy houses. It will definitely revive the sentiments of buyers belonging to affordable housing segment to firm up their property purchase decisions by availing home finance on the strength of enhanced disposable income available to them. Also, benefit under section 80-IBA is extended by one more year which will allow developers to claim 100% exemption of profit derived from affordable housing projects. In a nutshell, it’s a budget that will spur the much-needed demand and restore buyers’ interest in real estate.”