From real estate to metals, here's how the Budget affects key sectors

How the Budget affects key sectors of the economy

Real Estate & Infrastructure

What was expected?
 

• Extension of sunset date for obtaining approval from competent authority in case of affordable housing projects
• Enhancement of deduction of interest on funds borrowed for purchase of house property, including affordable housing

What was delivered?

• Affordable housing projects eligible for tax holiday, now extended to cover projects approved till 31 March 2022. Benefit also extended to developers of affordable rental housing projects. 
• Loan sanction date extended to 31 March for additional interest deduc­tion for  affordable residential house

Automotive

What was expected?

• Incentivize vehicle scrappage policy
• Increased focus and government spend on transport sector 
• Resolution of inverted duty structure for electric vehicle sector 
• Reduction of