Friday, 11 July 2014

Budget Reactions from Mr Atul Gupta

Mr. Atul Gupta, Joint Managing Director (JMD) of Earth Group of Companies

Tax benefits forwarded to people will give a much required boost to real estate industry. Further I-T exemption against housing loan interest will help in building a positive buyer sentiment. 


Also the schemes announced today by Finance minister for improving infrastructure such as smart cities, basic infra up gradation such as sanitation, electricity etc. will instigate real estate shift from key cities to other un-tabbed cities, which again is a very positive sign. 


Budget allocation for rural housing scheme and affordable housing for urban poor is also an exciting move for both real estate industry as well as people at large. 


Boost in medical facilities, increase in education hubs along with a directional industrial upsurge with 16 new ports, airports, revival of SEZs will also help in boosting economy in longer run. Over all its a satisfactory and a far-sighted budget.

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