Interim Budget: Housing sector will find some relief

"FM has tried to move economy through indirect tax reduction in some sectors. Though he missed an opportunity to move economy quickly through housing, he has rightly suggested RBI to reduce rates, Lalit Kumar Jain, Chairman and Managing Director, Kumar Urban Development Ltd (KUL) said.

He also recognized NPA in banking; RBI may take note and supplement this initiative. Hopefully small reliefs would give the right signal and support to a dooming economy till a stable government is formed. Housing sector will find some relief it seems, Jain added.