Post Budget Reaction by Mr. Ankur Dhawan- Chief Investment Officer- PropTiger.com

Government has given sufficient reasons for real estate to rejoice in this budget. Though there were many direct announcements for sector such as extension of Section 80IBA for 1 year, no interest on notional rent till 2 year of completion of project, reinvestment of capital gain in 2 houses rather than one and no tax on notional rent for 2 self-occupied houses, yet announcement of doubling of NIL income tax slab from 2.5 Lakh to 5 Lakhs will have much stronger impact on real estate sales especially for affordable housing buyers. Not only government is giving credit link subsidy scheme for these buyers but also leaving more money in hand to pay EMIs through increased tax savings.

@Technuter.com News Service

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