Effect of Budget on mumbai real estate
External commercial borrowings (ECBs) in the low-cost housing projects will enhance the real estate activities in the outskirts area of Mumbai.
Demand for affordable low budget housing will also increase in Mumbai to avail the 1% interest subvention scheme on housing loan.
The higher allotment of funds for the construction of highways and different infrastructure projects will promote the construction of housing projects in surrounding area of Mumbai.
The flow of liquidity will increase in the real estate in Mumbai as the withholding tax on interest on ECB is reduced from 20% to 5%.
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Source : DailyBhaskar
affordable low budget housing, Budget 2012, Effect of Budget on Real Estate, External commercial borrowings (ECB), Housing loan, low cost housing projects, real estate activities, Real estate and Budget, Real estate in Mumbai
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