February 2021 / Roofandfloor.com
Mr. Nishant Deshmukh, Managing Director, Sugee Group contributes his views to implications of the Union Budget 2021-22 for NRIs, Senior Citizens, and Homebuyers
“Extending the tax holiday for another year till March 31, 2022, for affordable housing projects is a positive step in achieving the government’s objective of Housing for all by 2022. Additionally, providing a deduction for the interest of Rs 1.5 Lakh paid for the loan taken for the purchase of an affordable house to March 31, 2022, will motivate homebuyers to purchase their dream home as they will be able to repay their loans much faster thereby speeding up the residential sales. We welcome these incentives as it will boost the demand and supply in the affordable housing segment,” said Nishant Deshmukh, Managing Director of Sugee Group.