Budget 2016 is progressive: Tata Housing

Brotin Banerjee, Managing Director & CEO, Tata Housing Development Company

“The Budget announced this year is a progressive budget and indicated the Government's desire to move towards higher GDP. Thrust on infrastructure and affordable housing is commendable. Greater outlay for construction of road and highways is a definite positive. We may see a lot of traction in the affordable housing space with finance ministry announce a 100 percent deduction in tax on profits and service tax exemption for companies creating apartment upto 60 sq meters. Additionally, digitisation of land records will help in more transparent sale and market-based pricing of land and additional exemption of Rs 50,000 for houses under Rs 50 lakhs will help bring in first buyers to the market.”