The Union Budget 2019 is optimistic for the sector as it will provide ample opportunities for the home buyers to invest. Enhancing the exemption limit for the general category of individual taxpayers will increase the buying capacity of the potential home buyer thereby providing a boost to achieve ‘Housing for All.’ The Section 24 benefit of relieving second occupied houses from tax on notional income and the benefits of rollover of capital gains in two residential houses would help in reviving the real estate market. Raising the TDS threshold on rental income to Rs. 2.4lakhs and bank deposits to Rs. 40,000 will be a huge relief to the taxpayers. Also, builders do not have to pay notional rent on unsold flats for two years after the year in which the construction is finished, which is a considerable step, given current scenario. Extending the benefits under Sec 80(i)BA for one more year for all housing projects approved till the end of 2019-2020 will further boost the demand in real estate industry. However, we were hoping that the finance minister will grant infrastructure status to the housing sector to give a fillip to the industry. We were also expecting single window clearance which would have been beneficial for both home buyers and the developers. We are now looking forward to the decision of the GST council that will help in reducing the burden on the homebuyers and give the necessary impetus to revive the sector.