budget reaction form Mr. Neeraj Gulati, MD, Assotech Realty Pvt Ltd.
NOIDA ROHIT SHARMA
“The budget has provided the much awaited relief to the real estate sector. The sector has been looking at the Union budget as the game changer and it has introduced recommendations in the right direction. Policy changes throughout 2016 have been helpful in making real estate a more transparent as well as a stronger sector. Giving infrastructure status to affordable housing is a welcome move and is likely to result in increased participation from private players and improve capital inflow. Apart from that, National Housing Board (NHB) will also refinance individual loans worth 20000 crore in 17-18 offering capital relief to the lenders. With the lending rates already low, providing tax sops to smaller businesses will also augment the purchasing power and is a welcome step for the real estate sector. Reducing tax slab of individuals will also propel investment in the sector.” says Mr. Neeraj Gulati : Managing Director – Assotech Realty (P) Ltd.
