Demand of easing guidelines to allow FDI fulfilled; Budget proposes increase in housing loan rebate from Rs 1.5 lakh to Rs 2 lakh
Finance minister Arun Jaitley’s Budget 2014-2015 has given a fresh lease of life to the cash-strapped real estate sector. It has fulfilled the long-pending demand of developers on easing guidelines for allowing foreign direct investment (FDI) in real estate.