Budget 2019 Income tax rebate for affordable housing: You can buy a home now? Realty experts elated

On account of income tax rebate up to Rs 5 lakh and an additional Rs 1.5 lakh tax exemption due to the standard deduction already continuing from earlier, the real estate developers have welcomed Piyush Goyal's budgetary proposals as the move would allow homebuyers after this spike in pocket size of the public in general.

Speaking on the matter Pankaj Jain, Managing Director at Realistic Realtors told, "Income Tax rebate up to 5 lakh per annum is a clear indicator of bringing more people under taxpayers category happily and comfortably. Money circulation through bank and economy will have major positive impact due to this tax rebate."

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#BudgetWithZEE | #IncomeTax में छूट सीमा रु2.5 लाख से बढ़ाकर रु5 लाख के ऐलान के साथ ही पूरे संसद में खुशी की लहर दौड़ गई।@AnilSinghviZEE @varinder_bansal @SwatiKJain @SumitResearch @kunalsaraogi @iamrakeshbansal @iamVishChauhan @nitinmurarkasmc @kiran_jadhav_ pic.twitter.com/woLeCcMs52

— Zee Business (@ZeeBusiness) February 1, 2019

Dr Arun Singh, Lead Economist, Dun and Bradstreet told, “While the announcement towards salaried income and middle class income tax payers would put additional pressure on the fiscal mathematics, it would help to kick start consumption growth story in India.”

Achal Bakeri, Founder, Chairman and Managing Director, Symphony Limited told, "We see this as a pro – growth budget with the focus on bridging Bharat with India. The budget is focused on infrastructure & rural development and large scale employment generation. There is a high momentum with the tax reforms announced among the citizens."