Budgetreactions2011 News
Realty cheers as budget extends benefits
The budget proposals for 2011/12 held out hope for real-estate firms focused on affordable housing, boosting sector stocks, but analysts were unsure if these would translate into gains for the broader sector.In his Budget speech, the finance minister on Monday proposed raising the limit on housing loans eligible for a 1 percent subsidy in interest rates, and widened the scope for housing under "priority-sector
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