Satish Magar, President, CREDAI Pune:"Our expectations to boost affordable housing, provide greater tax deduction for interest paid for home purchases were not met.
While the FM talks about a slum free India in 5 years, he seems to have completely missed the opportunity to offer some relief and incentive to middle class home buyers.
It is well established that housing/construction is an engine that can help in propelling growth in the economy – the linkages to hundreds of industries as well as employment to millions of workers seems to have not found any priority of place in the FM’s budget.
Overall, the budget doesn’t address the needs of the housing industry at all."
Why Rahulbaba is ignoring urban middle class?Is it because rural poor is a major source of power while urban middle class is a minority which can be easily managed? What is your take on the Union Budget 2009-10? Please, share your views in the comments.
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