Finance & Economy
Post-Budget reaction of Mr.Samir Jasuja- Founder & CEO- PropEquity.
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Author: TEXTILE VALUE CHAIN
Mr.Samir Jasuja - Founder & CEO - PropEquity, “The 66% increase in the allocation to Prime Minister Awaas Yojana to INR 79,000 crores is a sure boost for affordable housing. This is another step towards the government's 'Housing for All' mandate. The Budget lays much emphasis on building the infrastructure of the country, with emphasis on last-mile connectivity. The unwavering focus on infrastructure will indirectly drive real estate growth over the next one year.”
"Changes in income tax rates, including exempting income up to INR 7 lakh under the new tax system and rates, will undoubtedly benefit the middle class. However, it remains to be seen whether the real estate sector will have a collateral boost.” He added