Views on Interim Budget 2019 - Sangeeta Prasad, MD & CEO, Mahindra Lifespaces

"We welcome the government's focus on growth via Union Budget 2019-20, which meets multiples objectives including boosting consumption, strengthening the agriculture sector and reducing the urban-rural gap through infrastructure. The progressive budget places strong emphasis on affordable housing by granting a year's extension on benefits under Section 80 - IBA, to housing projects approved till 31st March 2020, and can be termed as a game changer both for the unorganised sector and middle-income segment. The exemption on notional rental income from second self-occupied homes is an enabler to bolster home buying. The rollover of capital gains tax on the sale of houses has been increased from 1 to 2 houses and thus incentivizes homebuyers and investors. Finally, tax rebate on income up to Rs 6.5 lakhs under 80C will accelerate investment in housing."

Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs.375 as compared to the previous close of Rs. 382.1. The total number of shares traded during the day was 1054 in over 33 trades.

The stock hit an intraday high of Rs. 378.8 and intraday low of 372.3. The net turnover during the day was Rs. 395278.

Source : Equity Bulls

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