August 22, 2019

Union Budget 2019: Infrastructure Status for Real Estate Industry

Rakesh Reddy, Director, Aparna Constructions, For Construction and Architecture

The Union Budget was presented on 9th July 2019 by the Finance Minister. The real estate industry was very hopeful to receive the infrastructure status this Budget, but it was not up to their expectations. The proposed Budget will impact the real estate sector in the following ways,

Increased interest deduction up to ₹ 3.5 lakhs on loans for purchase of a house valued up to ₹45 lakhs is an encouraging move to attract more customers.The government has maintained a fine balance between ensuring liquidity and enhancing scrutiny.

The measures taken will enhance the ability of the salaried class to invest and increase sales rapidly.

Our Director, Mr. Rakesh Reddy shared his views on the Union Budget for 2019 which was published in Construction & Architecture Magazine. Click on the links to read more: