Mixed reaction to budget from realtors, home buyers

by Paul Joseph on March 1, 2013 · 0 comments

From ‘encouraging’ to ‘could have been better’ to ‘nothing for us’, Thursday’s Union Budget evoked varying responses from home buyers, realtors and builders in Hyderabad. Since home buying has started picking up in the city after a prolonged lull, builders feel that impetus in form of more relief could have helped. But the provision of an additional deduction of interest of up to Rs.1 lakh for home loans has been welcomed by many. This is offered for first time home loans up to Rs.25 lakh. “Increasing the deduction from Rs.1.50 lakh to Rs.2.50 lakh is definitely a welcome move. Though not a big amount, it will act as a psychological

[via India Properties – Real Estate India – Indian Property News Site]

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