Union Budget 2013: Rationalise loan rates to make housing affordable: Expert

Kishor Pate
Amit Enterprises Housing

We expect the Union Budget to rationalise home loan interest rates so that more Indians can begin to realise their deferred plans of home ownership. Interest rates play a crucial role for many segments of this country's society and are a key consideration for the LIG segment. The Budget should also introduce measures to increase FDI inflows into the country, and broaden the scope of external commercial borrowings so that more low-income housing can be created.
Specifically for Pune's real estate market, a more significant allocation for infrastructure development coupled with stricter guidelines on implementation of infrastructure projects would make a huge difference. Lack of cohesive and comprehensive infrastructure is becomming a bigger problem for Pune with every passing year. Bureaucratic hurdles to implementation of pending or deferred undertakings must be removed.