2017 budget highlights on the indian real estate

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

THANK YOUCONTACT US

ADDRESST68, Teghoria Main Road,Kolkata-700157

PHONE+91 9874759944+91 9674779999

EMAILsales.realtechnirman@gmail.comsales@realtechnirman.com

WEBSITEwww.realtechnirman.com