“Farmer friendly, common citizen friendly, business environment-friendly and development friendly” – PM Narendra Modi
Possibly the most debated of propositions of the Union Budget is:
Source: The Times of India and Economic Times
REAL ESTATE TAKEWAYS
In terms of Real Estate, the budget does not have a direct impact, though it has offered a boost to affordable housing, with as many as 51 lakh houses to be built in the rural areas between 2018 and 2019.
The Government will set up a dedicated Affordable Housing Fund (AHF) through the National Housing Bank.
Source: ET Realty by The Economic Times
Over all, the budget presented by the Finance Minister, Mr. Arun Jaitley for 2018 focuses on the upliftment of rural India, with the 2019 assembly elections looming ahead. With the country having witnessed nation-wide protests by farmers in 2017, the government is making sure to deliver more money for rural areas.