Category Archives: Union Budget 2016

Good News For First-Time Home Buyers!

An important announcement was made in the Union Budget 2016,where first time home buyers will benefit from an additional tax relief of Rs 50,000 per anum, where the cost of the house doesn’t exceed Rs 50 lakh and the loan amount is Rs 35 lakh. In this video, Adhil Shetty – Founder & CEO, BankBazaar, breaks down this information for us and tells us how the budget will impact Home Loan borrowers.

Union Budget 2016-17 – Highlights

The 2016-17 Budget identifies 9 pillars through which the government aims to transform the rural economy, while boosting urban growth and development. The FM also stressed that India remained resilient in the face of the global economic crisis.