The interim budget by interim finance minister Mr. Piyush Goyal is largely people’s budget and Mr. Goyal and Hon’ble Prime Minister Narendrabhai have made a point that it has something for every stratum of Indian Life.
Here is my perspective for the Real Estate Relevance:
One of the biggest thought processes that I feel is the commitment made of ten trillion dollar economies over the next 13 to 15 years horizon as Real Estate equally plays a larger role into the Indian economy. This also confirms the predictions made by Real Estate experts that Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country’s GDP by 2025
Here is what we actually gained for Real Estate in Interim Budget 2019:
This is a dream budget for the middle class and for farmers. With the increase in exempted income, increase in the standard deduction, an increase in the limit for TDS etc. we can expect more disposable income in the hands of the people.
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