Mr. Kishor Pate, CMD - Amit Enterprises Housing Ltd
" It was not an impressive budget,
especially for real estate. While the additional income tax deduction of Rs.1
lakh for housing loans up to Rs. 25 lakh taken by first-time house buyers is
positive, the fact is that it will not benefit the growing middle-class who are
looking for centrally located houses with at least 2 bedrooms.
 |
| Mr. KishorPate, CMD, Amit Enterprises Housing |
Another disappointment was that there were no encouraging news in terms
of personal income tax slabs. Some relief for individual middle income tax
payers would have been some incentive for considering house ownership.
We are happy that infrastructure has been given greater importance &
allotments by the Budget and do hope that it will mean that some of the pending
projects will now begin to take off"
Mr. Anil Pharande, Chairman - Pharande Spaces & Vice President -
CREDAI (Pune Metro)
''The Finance Minister Mr. P.
Chidambaram has taken a cautious approach in this budget, which is on the whole
well balanced & in tune with the current economic requirements.
 |
| Anil Pharande, VP - CREDAI - Pune Metro. |
Real estate has not received much of a
boost overall, which was a dampener. The provisions for budget homes will not
be sufficient to create more demand, and high-end houses have become even
costlier because of the increased service tax.
The additional allocation for JNNURM to
make more buses available will prove to be a boon for many emerging areas which
have been suffering from lack of accessibility. On the whole, it is a balanced
but lacklustre budget".
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Mr. Jay Kalghatgi, Client Interface -
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