Quote on Interim Budget 2019-Pankaj Kumar Jain_Managing Director_KW Group

Mr. Pankaj Kumar Jain, Managing Director, KW Group

New Delhi, February 02, 2018: “The interim budget 2019 has emerged as a goodie bag for the affordable housing sector which is expected to witness sizeable demand on the back of the most promising announcements of offering tax rebate up to Rs. 5 lakh extending to Rs 6.5 lakh. The budget has a few more pro-consumer announcements including the renewed optimism showcased by the government towards the amendment of section 23 of the Income-tax Act to allow the consumers the most desired option to claim nil annual value in respect of any two houses declared as self-occupied. Such provisions will augur well for the growth in the real estate sector that has been battered hard recently due to weakening demand scenario.”

Corporate Comm India(CCI NewsWire)