2017 BUDGET HIGHLIGHTS ON THE INDIAN REAL ESTATE
The housing and real estate industry in India is optimistic about the perks offered by the government in its budget proposal. Significant points of 2017 budget in relation to the real estate industry in India have been jotted down in the next slides.
HUGE FUND ALLOCATION FOR THE GROWTH OF INFRASTRUCTURE
For the 2017-2018 union budget, govt has allocated Rs. 3, 96, 135 crores for the infrastructure sector Infra industry experts have hailed this additional focus saying that this would boost the growth of this major development driver
GOOD NEWS
FOR THE HOME BORROWERS A good news for the home loan applicants with higest loan amount The banks have already reduced their lending rates giving the surplus liquidity formed by the demonetisation
INFRASTRUCTURE STATUS FOR AFFORDABLE HOUSING Affordable housing has been accorded with infrastructure status This means that the fund that has been allocated by the govt for the development of infrastructure, would be used in proportion for the construction of affordable houses as well
EXTENDED CARPET AREA
FOR AFFORDABLE HOUSING Great news for the buyers of affordable houses According to new rules, the carpet area measurement would be 30 and 60 square metres Previously, it was applicable for the measurement of the built up area
REDUCTION OF TAX LIABILITY
ON REAL ESTATE BUYERS
A relaxation upon the long term capital gain Tax relaxation on joint development agreements
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