Jain group welcomes Union Budget
"The government is focusing on basics and the lower and middle income group with obvious intention of boosting real estate purchase for these category of consumers," Rishi Jain said.
"As expected the maximum benefits have been provided for affordable housing which is a welcome move.
By removing Service Tax on specified and affordable housing projects the government is playing its part in making homes more affordable," he said.
"First time home buyers getting an additional benefit of Rs. 50,000/- on loans upto 35 Lakhs clearly demonstrates that the government wants more and more citizens to take the decision of buying their first home. This is a welcome news for affordable housing developers who now get access to whole new category of customers. As always is with the Indian budgets sufficient focus has been given towards to boost on infrastructure and development/repair of national and state highways," he said.
He said: "Over all a well balanced and back of basic budget thrust of Lower Income Group and Middle Income Group."
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