July 10, 2019

Mr. Rakesh Reddy’s views on Budget 2019

Rakesh Reddy, Director, Aparna Constructions, Multiple Sources

The Union Budget was presented on 9th July 2019 by the Finance Minister. The real estate industry was expecting a few changes in the Budget, of which some have been met and some have not. The proposed Budget would result in the following:
  • Increased interest deduction up to ₹ 3.5 lakhs on loans for the purchase of a house valued up to ₹ 45 lakhs is an encouraging move from the consumer perspective.
  • Middle-class home buyers can benefit up to ₹ 7 lakhs on a loan period of 15 years.
  • The government has maintained a fine balance between ensuring liquidity and enhancing scrutiny
  • The real estate industry is disappointed with not receiving infrastructure status in this budget.
Our Director, Mr. Rakesh Reddy shared his views on the proposed Budget for 2019 with Deccan Herald, The Hindu, Tribune India and Constructions World. Click on the links to read the entire coverage: