Expectation from the budget for the real estate sector

Ankur Dhawan - Chief Investment Officer- PropTiger.com

The government will present interim budget on Feb 01, 2019. The real estate sector is expecting some favorable announcements from the government.

"Though typically governments do not change tax structure in interim budget, but this time due to improvement in direct tax collection government can provide some relaxation to middle class. Real estate industry will be expecting increase in tax benefits on home loan interest from 2 Lakh to 3 Lakh as well as modification in tax slabs to incentivise home buying."

Source : Equity Bulls

Keywords