Union Budget FY17 by Mr. Vikram Kotnis, Founder and Managing Director, Amura Marketing Technologies Pvt. Ltd.

“We would like to congratulate the government for presenting a promising budget. The budget is in alignment with the PM’s vision - housing for all.

The budget delivers a good move for the low income group, below 60 sq mtrs,  in the affordable housing segment as it eases out the service tax.  100% exemption of profit for developers and exemption from service tax for construction of houses less than 650 sq feet will spur new launches in the affordable segment.

The demand for the mid income segment is high and tax collected by the government from this sector is 10-14%, hence the budget could have provided a relief in service tax for  80-90 sq. mt. segment (compact 2bhk). “

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