3 things buy­ers want Af­ford­able hous­ing and cheap loans top Bud­get de­mands

HT Estates - - NEWS - HT Es­tates Cor­re­spon­dent

Will the forth­com­ing bud­get make it eas­ier for peo­ple to own a house? Are there more in­come tax re­bates in store? Here are some find­ings from Makaan.com’s re­port ti­tled Roti, Kapda and Makaan - Re a l E s t a t e B u d g e t Ex­pec­ta­tions 2015.

Fo­cus on Smart cities: A ma­jor­ity of re­spon­dents i. e. 71% felt that to bring about a sig­nif­i­cant im­pact on the In­dian econ­omy, the fi­nance min­is­ter should al­lo­cate a much higher amount for de­vel­op­ment of 100 smart cities.

Af­ford­able hous­ing and cheaper loans: Home­buy­ers also felt that the fo­cus of the Bud­get s hould be on of f er­ing af­ford­able hous­ing (hous­ing un­der ₹ 40 lakh) with 36% feel­ing that this will en­able most peo­ple to own prop­erty and ful­fil their as­pi­ra­tions. The next big fo­cus for the buy­ers was on cheaper home loans (26%).

In­crease i n i ncome tax ex­emp­tion limit on re­pay­ment of home loan: Ma­jor­ity of home­buy­ers (29%) said that if they were FM for a day they would pro­vide a 2% sub­sidy on home loans for houses upto ₹ 40 lakh as a short term in­cent ive. As many as 19% home­buy­ers said that they would pro­vide an in­creased in­come tax ex­emp­tion limit on pay­ment of in­ter­est from ₹ 2 to 3 lakh per an­num. An­other 19% re­spon­dents said that they would set up a dis­pute re­dres­sal mech­a­nism to safe­guard the in­ter­ests of home­buy­ers.

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