NEW DELHI (INDIA): Nirala World CMD Suresh Garg said that the focus of government of India was housing for all and the budget was good for affordable housing as it has now industry status. Now funding and loan will be easily available for houses upto 60 sq. mt.
“But this could be better if entire real estate sector would have assigned this status or some clauses should have been introduced for general housing too. For individuals it is good that tax limit has been increased but as per requirement and scenario after demonetisation this budget has nothing big for housing sector,” he said.
The Union Minister for Finance and Corporate Affairs, Arun Jaitley presented the General Budget 2017-18 in Parliament here today. This is the first of its kind which included the Railway Budget. This year’s Union Budget also does not have Plan and Non-plan classifications and has been advanced by a month to the beginning of February.