Modi government has quite lived up to its promise of Acche Din: Sukanya Kumar

India Infoline News Service | Mumbai |

As expected, the tax rebate on home loans has been increased to 2 lakhs, which gives impetus towards an increase in early borrowing

“With the Union Budget coming through, the Modi government has quite lived up to its promise of Acche Din. As expected, the tax rebate on home loans has been increased to 2 lakhs, which gives impetus towards  an increase in early borrowing. The most stand-out announcement for the real estate and home loans industry is the special concession on loans below 25 lakhs. This is a fantastic initiative, and although it may seem to affect only certain people, it will definitely have a much broader impact on the entire real estate and financial industry.  Further, the tax exemption increase by Rs 50,000 under 80C will lead to a stronger liquidity in the market and greater encouragement to investment in the real estate segment. Overall, these, along with other announcements related to real estate, are sure give the much needed boost to the industry, and it will be interesting to see the extent of positive impact they will have!”

The author is Founder & Director, RetailLending.com
 

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