It has been seen that there is a lot of pressure on Finance Minister, Arun Jaitley taking the issue of a reduction in the home loan rates in union budget 2015. It is demanded by nearly 50 % of the potential home buyers. By the recent surveys & polls, buyers are looking high expectations in this budget, so they are waiting for the highlights of the budget. As Budget 2015, we expect that, “How can Budget 2015-16 assist in purchasing the properties.” The consequences of the polls showed that nearly 50 % of the buyers believe that this budget can assist in buying the properties by decreasing the home loan rates.
It has been observed that the reducing the rates may not be beneficial to pull out the property market out of the doldrums. Noteworthy, Nearly 35 % buyers said that they would suppose a high tax rebate on the loan repayment. And Nearly 11 % of the buyers said that they expect that the tax to be implemented. We would hope that whether our finance minister how would help us in the lowering the rates of loans? We are hopeful that our finance minister would stand up to our expectations and demands.
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