Union Budget 2019: SME watch

Real estate

Our experts share insights and in-depth analysis from Union Budget 2019 on the critical issues and key reforms announced on 5th July, 2019.

In line with Govt’s vision of ‘Housing for All by 2022’, the Budget incentivizes first-time home buyers of affordable homes by providing an additional deduction of INR 1.50 lacs on home loan interest. Refinance of public sector banks, partial credit guarantee to NBFCs by Govt & opening of subscription to listed debt securities of REITs by FPIs should generally improve the liquidity and meaningfully benefit the RE sector which is hugely capital intensive. Announcement of a plan for a framework for rental accommodation is also a potentially game changing event. #REALESTATE

Kalpesh Maroo
Partner, Deloitte India

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