“I welcome the overall Budget and the government’s
endeavor to create an outline for reviving all sectors. A growing
economy will in turn boost the real estate sector also. The Union
Budget’s positive initiatives to revive the sector like relaxation in
FDI, REITs and allocation of Rs 7060 crore for 100 smart cities
development are commendable. Incentives for affordable housing, raising
tax exemption limit and interest reduction in home loan will bring
further momentum to the sector. Promotion of industrial development and
growth of manufacturing sector will give a boost to Tier II and III
cities, lead to improvement in urban infrastructure and create more
avenues for employment, income and lifestyle improvement. In short, the
government has set up the broad framework on which to build the
structure of its vision “Housing for All by 2022”.
Watch videos of Mr. Mohit Goel as he shares his insights on Indian Budget 2014 -
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