House buyers ! Do not expect much from new Indian government's upcoming budget.

                House buyers, Do not expect much from government budget.  After 10 years NDA government has come in the power after ruling of UPA government of 10 years.

 House buyers are hoping some positive steps  from  one month old NDA government in support of  house buyers.

 

                 First union budget of Narendra Modi’s government will be presented by honorable finance minister Mr. Arun Jaitley of financial year 2014-15 on 10^th July 2014. People have lot of hope from the budget announcement.

                All common people have lot of hope from the upcoming union budget by Indian government.

Every common man dreams to own a house. House buyer will always expect that government should take some positive steps on tax exemption limit on housing loan and also other taxes which has to be paid by house buyers.

                While buying a house a house buyer has to pay many government taxes. If we include all government taxes it comes around 8 to 10% of property price. 8 to 10% amount is a huge amount which is paid by a house buyer while buying house. High property rates and these government tax already made it difficult to own a house for a common man.

               The main agenda of NDA government is to reviving Indian economy. It  shows by some steps taken by the  less than one month old government. For revival of Indian economy government has to take some harsh decision against the common man. One month old government has already increased rail fare by 14.5%.  Government is also planning to increase cooking gas prices and fuel prices. 

              These all decisions will be helpful for revival of Indian economy. It seems that government is more keen on revival of economy rather than issues of common man. 

       But I am not expecting anything positive for house buyers from the upcoming union government budget.