Budget 2016 – Measures for Realty Sector

Posted by on March 1, 2016

The Union budget this year clearly stressed on the agricultural sector with a focus to elevate the rural population. Emphasis was also laid on healthcare, infrastructure, digitization and skill development. Although it wasn’t completely inclined towards the realty sector, it did manage to take a few initiatives to lend momentum to the overall languid industry. A few measures as a part of the budget, favoring the realty sector; that could go a long way to set the economy juggernaut right include:

Budget 2016 - Measures for Realty Sector

  • 100% deduction on profit is proposed to undertaking for construction of affordable housing.
  • An additional deduction of interest of Rs.50000/- is proposed on houses not exceeding Rs. 50 Lakhs for first time buyers.
  • Service tax exemption for construction of houses less than 60 sq.mtrs.
  • Increase in house rent deduction from Rs. 24000/- to Rs 60000/- to benefit tax payers.

Overall a safe budget that will hopefully revive growth in the sector.

3 thoughts on “Budget 2016 – Measures for Realty Sector”

  1. robin ahuja says:

    hello sir,

    nice blog and very informative in the term of the govt has been given very special priority for reality sector in India. thank you for sharing.

  2. rahul says:

    Hi! I am a DIGITAL GUY. I have 1.5 years experience. I search in Google so Many Websites & Blog but you’re blog and post really is too good its title, description, images your content style is really good and I feel glad when post read.

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