Budget 2019-20: fill cheap housing and real estate developers.

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While tax benefits will encourage more people to buy a home, developers will benefit as the liquidity problem is resolved through a recapitalization of PSU banks and there is cheap housing support for the securitization of NBFC assets. It will help developers to provide liquidity cheap housing and credit flow with cash problems.

“When it comes to real estate, there were some results and many failures in the budget. Infrastructure remained at the top of the government’s agenda.” It is definitely important, “he said.

“The government announced important tax benefits that will help stimulate the demand for affordable housing. “The interest deduction of up to ¥ 3.5 lakh for affordable housing (with a price of ₹ 45 lakh) compared to ₹ 2 lakh above will be available until March 31, 2020. This can help attract first home buyers” said Mr. Puri.

He said that in order to attract foreign students to higher education, the plan to start the “Study in India” program cheap housing will essentially generate more demand for student housing.

On the other hand, he said, “From the perspective of real estate, the budget has not fulfilled many expectations because it has not addressed the most pressing concerns of the sector. We do not return sufficient quantity to the consumers and investors in the market. Except for affordable housing, the very important ‘state’ of the industry was elusive, tax was not sufficiently moderate and all institutional rentals in the country Agricultural reforms were not mentioned in the market.

On the other hand, he said, “From the perspective of real estate, the budget has not met many expectations because it has not addressed the most pressing concerns in the region, we do not return enough to consumers and investors in the market.

Except for affordable housing, the very important “state” of the industry was difficult to achieve, taxes were not moderate enough and all institutional rentals in the Udharon country were not mentioned in the market.

Kamal Khetan, CMD, Suntech Realty Ltd said: “FM has tried to overcome the obstacles related to real estate, on the both side of the financing side for buyers and developers.” To comply with housing for all by 2020 For the home buyers in the affordable housing sector, there is a direct intervention by stopping additional interest deduction of Rs 1.5 lakh. “

Neeraj Bansal, the partner of KPMG in India, said: “This will create a new demand for up to 45 houses in Lakh in the current year, which is a great positive for developers of affordable housing.”

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