Home buyers' wishlist from budget 2016

Q: What are the home buyers' demand from Budget 2016?

Sankalp, Mumbai

5th February 2016

Real estate News in Mumbai

real estate sector

finance minister arun jaitley

budget 2015-16

budget 2016

buyers wishlist from budget 2016

union budget 2016

Follow Discussion

Also see discussions for

Mumbai Real estate News Real estate News in Mumbai

Replies (3)

Hi,
I am agree with all of you. But i am a salaried person and living in a rented apartment. The house rent allowance can go up with time. However, for self employed home buyers, the tax deduction limit is restricted up to a little Rs 2000 under Section 80GG. Our govt. should certainly work on increasing this limit.

ujwal nikam, Pune

5th February 2016

Comment

We can hope only nothing in our hand. Hope, this budget will bring some smile on the face of buyers. The real estate sector is sensitive to many of policies that are announced both for various industries and individuals. The realty sector is going through a long and painful slowdown, and is looking for all and any signs of light at the end of this month.

Bikram, Mumbai

5th February 2016

Comment

It is true Bikram. And the first and most important demand is financial protection from project delays. The confidence of the home buyers is really low. Thus, for the realty sector to grow, it is important for the developers/builders to win their confidence. And this can only be done, if the government introduces policies that offers protection to the investors/buyers.

Rajesh, Delhi-NCR

5th February 2016

Right Rajesh,
This Union Budget should make tax provisions for a home buyer from the time he starts paying interest on housing loans. Instead of allowing home buyers tax benefits post-possession, the Union Budget should make a provision that allows these from the time they start paying interest on housing loans. This will comfort their monetary burden very much and make increase the velocity of home loan expense.

Bikram, Mumbai

5th February 2016

Second demand from this Union Budget is increasing of tax deduction limits on home loans and insurance premium. If the government increases the tax deduction limits on home loans and insurance premium, will encourage end users to ensure their homes. While the current limit is of Rs 2 lakh. Similarly, the tax exemption limit should be increased by about Rs 1 lakh and be set to match inflationary trends in a financial year.

Rajesh, Delhi-NCR

5th February 2016

Being a salaried person i can only say that present day buying a home is an expensive affair and needs large investments. Thus, it would be nice if the government increases the tax deduction limits on home loans and insurance premiums. Thanks...

sadashiva, Delhi

5th February 2016

Comment

Hi Sadashiva,
Real estate sector is betting big on the Budget 2016. With a queue of reforms expected to be announced in the upcoming budget. The Union Budget has become an eagerly-awaited annual event which most of the Indians follow closely, as the decisions and assignment announced by the Finance Ministry have great ability to both individuals and industries.

Jacob, Bangalore

5th February 2016