Mr Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory

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Mr. Kaushal Agarwal

“The government has attempted to catch the bull by its horns. The budget demonstrates the government’s resolve to focus on demand generation, spurring jobs, increase infrastructure spends, attract foreign institutional investors and increase farm income. The decision to offer an optional tax regime that reduces direct tax on personal income, will help increase the home loan EMI appetite of consumers and have a significant impact on generating demand for real estate. The government’s decision to further bolster the guarantee scheme for NBFCs & HFCs and offer subordinate debt to MSMEs will to a certain extent, help bring liquidity in the market alongside the abolition of DDT. The tax holiday for developers of affordable housing and extension of home loan interest benefit for affordable homes by another year is a welcome step for real estate. It is a positive step towards realising the Prime Minister’s vision of housing for all by 2022. All in all – a good budget that rekindles hopes of $5 trillion economy by 2024.”

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