Strong boost for housing sector: DLF CEO Rajeev Talwar

This is a inclusive and well crafted budget that touches all key segments of the economy and aims to boost both consumer and business confidence with cuts in tax rates for individuals with salaries of upto 5 lakh rupees and companies with turnover of upto 50 crore rupees.

The budget has also significantly raised allocations for both rural India and infrastructure sector and together, these two crucial segments of the economy can propel the country's growth rate towards the 8% mark.

The government has given much needed infrastructure status to affordable housing along with other incentives like change in measurement methodology from build-up area to carpet area and extension of affordable housing scheme to 5 years from 3 years.

The infrastructure tag will bring down cost of funds for developers and thus, further push down prices for home buyers. This will surely go a long way in meeting the government's aim of "Housing for All" by 2022.