Union Budget 2023: What do home buyers expect from Nirmala Sitharaman

Rohit Gera, Managing Director, Pune said, “However for home buyers, I would like the government to bring in more relief by increasing the income tax deduction on the interest paid for homes. The government definitely needs to make it easier for people to buy homes. should work in that direction. -Centered Gera Development said.

Anuj Sharma – Chief Operating Officer – IMGC, lists 7 pre-budget expectations for home buyers

1) Tax exemption or deduction for first time home buyers: These measures can help bring down the overall cost of buying a home, making it more affordable for first-time buyers.

2) Enhanced allocation for housing schemes: This may help in increasing the availability of affordable housing options for home buyers.

3) Infrastructure Development Initiative: Improvements in infrastructure, such as roads, public transportation and utilities, can make certain areas more attractive to home buyers and increase the value of properties in those areas.

4) Measures to increase the supply of housing: This could include initiatives to make it easier for developers to build new housing projects or measures to encourage the construction of more affordable housing.

5) Measures to regulate the real estate market: This may include efforts to curb speculation and prevent price inflation, making it easier for home buyers to purchase property.

6) Interest rate cut: Lower interest rates on home loans can make it more affordable for home buyers to borrow money to buy a home.

7) Relaxation in rules for availing home loan: This could include measures such as reducing the down payment required or easing the eligibility criteria for home loans, making it easier for home buyers to secure financing.