Budget 2011 falls short of expectations: Inno Group

We welcome the raising of housing loan limit for priority sector lending to Rs 25 lakh and the move to further liberalise FDI policy.

March 01, 2011 / 14:29 IST

By Rajamannar Ramaswamy, Group Managing Director, Inno Group

The raising of housing loan limit for priority sector lending to Rs 25 lakh and the move to further liberalise FDI policy is a welcome change. However, on the whole the budget has fallen short of expectations in the real estate sector.

The industry status to real estate was a disappointment. The budget could have made banking finance easier and cheaper for real estate companies, which would have given the much needed impetus to the housing sector. Rising inflation, tight money market conditions and high lending rates are concerns looming large over the economy in general.

first published: Feb 28, 2011 07:00 pm

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