Highlights from the Union Budget 2017

Union-Budget-2017The union budget is out and everybody is eyeing it for their benefit. Here are the highlights that make the budget interesting for each one of us:

 What’s instore for Real Estate in 2017- in a nut shell

Budget-2017In the Union budget 2017-18 announced on Feb 1, Finance Minister Arun Jaitley has proposed granting of ‘infrastructure’ status of the affordable housing campaign.

Though the real estate sector had high expectations from the Union Budget, the budget was not as expected. The announcement of ‘infrastructure status’ to the affordable housing sector, can serve as a significant step in achieving the government’s ‘Housing for All’ mission that is set to be completed by 2022. Speaking on this Ssumit Berry, managing director, BDI Group said  “It will help the sector to get the benefits of infrastructure sector, which was a long-time demand of the realty industry. The new measure will reduce costs for developers and attract more investors. It is a great push for the ‘Housing for All’ vision and will definitely benefit first-time buyers.