Real estate gets boost in Budget: NBCC

Real estate gets boost in Budget: NBCC

Agency News

New Delhi, Feb 1 : With a strong focus on building rural and social infrastructure, tripling the construction of rural roads will be instrumental in offering seamless connectivity thereby improving quality of life, said NBCC CMD Anoop Kumar Mittal and welcomed the steps mooted by the government in its interim budget presented by Finance Minister Piyush Goyal here on Friday.

"The Government’s endeavour to significantly reduce the tax burden on home buyers is highly commendable. Extending benefits, under Section 80-IBA of the Income Tax Act for one more year, is a welcome move to alleviate stress on the real estate sector and to make housing affordable," said Mr Mittal.

"In addition to this, setting up the 22nd AIIMS in Haryana reflects the Government’s intention to offer affordable healthcare to the masses. The Budget 2019 is a demonstration of the Government’s vision to set up the stage for decades of growth. It is completely in line with India’s aspiration to become a 5 trillion economy in the next five years,” he further added.