Complimenting the Finance Minister for a well thought through and well-articulated proposal, T.T. Srinivasaraghavan, Managing Director, Sundaram Finance said that the “The infra and rural sector focus is very welcome. Also with the fiscal deficit targets being met, a rate reduction could be on the cards.”
Srinivas Acharya, Managing Director, Sundaram Home Finance, said, the additional interest deduction to the extent of Rs.50000/- for first time home buyers with loan limit of up to Rs. 35 lakhs and the property value of Rs. 50 lakhs was a welcome move. Lauding the tax holidays for builders involved in affordable housing segment (not exceeding 30 sq.m.), he did however say the ceiling of 30 sq.m. could have been enhanced to 50 sq.m.