Union Budget 2020 quote from Prashant Solomon, MD, Chintels India

Affordable housing segment has also got a boost with the Hon’ble FM proposing to extend the tax holiday by one more year.

Feb 01, 2020 03:02 IST India Infoline News Service

Prashant Solomon
“With the lowering of personal income tax, the middle-class and millennials will have more disposable income, thereby spurring spending and growth in the economy which will in turn also reflect in residential purchases. Affordable housing segment has also got a boost with the Hon’ble FM proposing to extend the tax holiday by one more year. However, the Budget leaves much to be desired for the real estate segment with no reduction in interest rates on home loans, no incentives for other segments beyond affordable housing, no announcements on single window clearance and industry status for the sector.”

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