What is all in the union budget kitty for your housing?

As and when Union budget make rounds in social media, everybody gets cold blood and an effect like vampires prevails. According to recent news, union budget for 2017-18 gives an impulse to infrastructure and affordable housing sector here in India.  This has really made the blow effective with affordability for all type of housing for the native of this country to reside. 

Remember, if you want to proceed in this sector you have to be vigilant with the infrastructure status by the affordable housing. Related to this, it too has benefits which stands qualified for an affordable housing making. Apart from magnating better investment, it too develops two-tier and three tier cities which tries to gallop in this competitive world. As an advantage, builders now net sectors which are positioned with flexible long term funding. So, in overall this year’s budget is fruitful for all the infrastructure dealing companies.

According to LTCG or Long Term Capital Gains Tax gestation for land and immovable assets has been increased to two years. If talking about real estate companies on Lucknow, it would be a boon for them and they would likely to give possession on time and without any delay. If you Buy Flat in Lucknow which like mushrooming in the city nowadays would be given a green signal and thus the authority would also grant residential land permit when seek by the builders.  Coming back to the topic, this might help the numbers of sales in the residential sector and on the other hand it would allocate the financial gains when the investment would be under scanner. 

Now apart from residential sectors, State and National highways has also moved beyond. If Rs 369,134 crores has sanctioned for infrastructure, then Rs 60,000 crores has got sanctioned for highway and road ways. This will not only give a boost to residential localities on the fringes of the city but also it would improve the connectivity with other places.  At least, about 5% of the exemption can be enjoyed by many small builders who were earlier got trapped down by the effects of demonetization.

It would be best to see if the advantages of union budget can tranquil the situation for the nation and the city builders to build more housing for people in coming future.