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Given the current economic stagnation plaguing each sector of the economy, Union Budget 2021 was one of the most anticipated events of this financial year for taxpayers.
In an attempt to move the country out of the pandemic introduced slowdown, the Finance Minister introduced several tax exemptions and holidays for every segment including those for home buyers and developers.
This comes after a report that announces improvement of sales in the affordable housing segment since July 2020, following the lifting of stringent country-wise lockdown. A 150% Q-o-Q growth, between July and September 2020, indicates that the real estate sector is recovering at a rapid pace.