The Finance Ministry's annual Union Budget is will be announced on February 29, and every Indian will be following the announcements closely to understand how individuals and industries alike will be affected. The real estate industry in particular is extremely sensitive to many announcements made in the annual budget, since they can have a direct impact on home buying sentiment. Almost every Indian plans to buy a home as and when it becomes financially feasible to do so, and every year brings a new section of Indians who enter the stream of employed, salaried individuals harbouring this aspiration.
These individuals are just beginning their careers, meaning that their purchasing power is at its lowest point. In other words, they are very sensitive to every factor that influences their finances. Simultaneously, there are those who have already progressed a little further in their careers and have been hoping to purchase a home for a longer period of time. Such individuals have been studying the property market for suitable options and are more or less sure of what they want, and are now looking for the right combination of factors to encourage them make their final 'buy' decision.
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