2017 budget highlights on the indian real estate
TRANSCRIPT
2017 BUDGET HIGHLIGHTSON THE INDIANREAL 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 FUNDFOR THE GROWTH OFINFRASTRUCTURE
ALLOCATION
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 NEWSFOR 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
INFRASTRUCTUREFOR AFFORDABLE HOUSINGSTATUS
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
EXTENDEDFOR AFFORDABLE HOUSINGCARPET AREA
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 OFON REAL ESTATE BUYERSTAX LIABILITY
A relaxation upon the long term capital gain
Tax relaxation on joint development agreements
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