Will indirectly help boost the housing demand: NAREDCO Maharashtra

Subscribe to YouTube Channel

Subscribe to Mojo4Industry YouTube Channel and get Latest Industry Updates. Do press Bell Icon to get automated notifications whenever new video is uploaded.

Must Read

ReNew Power becomes World’s first clean energy firm to be recognised as Lighthouse by WEF

ReNew Power becomes World’s first clean energy firm to be recognised as Lighthouse by WEF ReNew Power, India’s leading renewable...

Freudenberg reports Rs. 5,706 Cr profit despite effects of pandemic

Freudenberg reports Rs. 5,706 Cr profit despite effects of pandemicThe global technology group Freudenberg, Weinheim, has managed the crisis...

HPL launches new switchgears at Renewable Energy India Expo

HPL launches new switchgears at Renewable Energy India Expo HPL Electric & Power launched three new switchgear products - DC...

Will indirectly help boost the housing demand: NAREDCO Maharashtra

The Government has put their best efforts to put the economy back on track after the adverse effects of Covid-19 pandemic that the entire country went through. It has focussed a lot on infrastructure in this budget. This will indirectly help boost the housing demand especially in the Tier II and Tier III cities.

The Government’s decision to further infuse Rs. 20,000 crore for public sector banks will help address liquidity issues to a large extent. The proposal to extend the Rs 1.5 lakh benefit on interest paid on affordable housing loans by one year to March 31, 2022 is an exceptional move which will boost the affordable housing segment and help to achieve the Prime Minister’s vision of Housing for All. It will also ensure that more and more homebuyers get to avail this benefit. The reduction in tax burden on senior citizens above 75 years will give a push to the senior-living projects.

Also, the Government’s continuous efforts to promote ease of doing business and digitization will help the real estate sector business in a long way going forward.

As anticipated, it’s a very futuristic budget from the economy point of view.

Author: Ashok Mohanani, President, NAREDCO Maharashtra
Author: Ashok Mohanani, President, NAREDCO Maharashtra

LEAVE A REPLY

Please enter your comment!
Please enter your name here

is banner
- Advertisement -
our advertiser v2

Tech Talks

00:06:46

CII EXCON 2021 | Day 4 | Highlights

CII EXCON 2021 | Day 4 | Highlights The 11th edition of CII EXCON, South Asia’s largest construction equipment trade...
- Advertisement -
print v2

More Stories on mojo4industry