Hich Are Currently Included Under Section 80c It Should Also Be Raised From The Current Limit Of Rs 1 5 Lakhs To 3 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New Delhi [India], January 30 (ANI/NewsVoir): The Union Budget 2023 is a much-anticipated event for the real estate sector in India. Industry experts and stakeholders have high expectations from the government as they hope to see a number of reforms and initiatives that can help boost the real estate market and encourage investment in the sector. The area of interest for the real estate sector is tax incentives. Real estate developers and investors are hoping for tax breaks and other financial incentives that can help lower the cost of developing new projects and make it more profitable for them. This can also encourage more investment in the sector and help boost the economy as a whole. Pankaj Bansal, M3M India said, "The middle class has been looking to increase its disposable income to increase its investment in real estate, particularly the residential sector. This investment can grow multi-fold if the Union Budget brings in considerable relaxation in tax benefits on home loan ....

New Delhi , Trehan Iris , Santosh Agarwal , Abhishek Trehan , Pankaj Bansal , Pradeep Aggarwal , Alpha Corp , Union Budget , Signature Global India Ltd , Omaxe Ltd , Director Finance , Linked Subsidy Scheme , Signature Global , Executive Director , New Delhi India , Anuary 30 Ani Newsvoir The Union Budget 2023 Isa Much Anticipated Event For Real Estate Sector In India Industry Experts And Stakeholders Have High Expectations From Government As They Hope To Seea Number Of Reforms Initiatives That Can Help Boost Market Encourage Investment Area Interest Is Tax Incentives Developers Investors Are Hoping Breaks Other Financial Lower Cost Developing New Projects Make It More Profitable Them This Also Economy Asa Whole Pankaj Bansal , 3m India Said , Uot The Middle Class Has Been Looking To Increase Its Disposable Income Investment In Real Estate , Articularly The Residential Sector This Investment Can Grow Multi Fold If Union Budget Brings In Considerable Relaxation Tax Benefits On Home Loans Further , Uyers Who Want To Own Bigger Flats And Are Looking Sell Their Existing Properties Also Reluctant Due Stringent Capital Gains Tax From The Sale Of Real Estate Held For Over Two Years Subject Toa Long Term 20 Per Cent This Should Be Set At Least 10 Additionally , He Upcoming Budget Must Lower The Holding Time For Property From Current 24 To 36 Months 12 In Order Qualify It Asa Long Term Capital Asset Such Measures Would Certainly Give Much Desired Boom Economy Quot Another Key Area Of Focus Real Estate Sector Is Affordable Housing With Increasing Cost Living And Rising Prices , Any People Are Struggling To Find Affordable Housing Options The Government Is Expected Announce New Initiatives And Funding For Projects Make Them More Accessible Toa Wider Range Of Atul Banshal , Director Finance , Maxe Ltd Said , Uot The Budget Should Consider Reducing Stamp Duty As That Will Assist It In Resuminga Robust Real Estate Market And Complete Housing For All Missions Central Government Must Increasing Tax Rebate On Home Mortgage Interest From Rs 2 Lakh To At Least 3 Is Also Necessary Have Separate Deductions Principal Repayments , Hich Are Currently Included Under Section 80c It Should Also Be Raised From The Current Limit Of Rs 1 5 Lakhs To 3 ,