Are you a homebuyer looking for more tax benefits? Or perhaps a builder seeking incentives to develop low-cost homes? Look no further! The Confederation of Real Estate Developers Association of India (Credai) has recommended various measures to the government in the upcoming Budget to boost the real estate sector.
Credai President Boman Irani emphasized the importance of streamlining approval processes, reintroducing the credit linked subsidy scheme (CLSS), and increasing interest exemptions for homebuyers. The real estate sector is hopeful for measures to boost sentiment, including granting industry status and rejuvenating affordable housing.
PropEquity CEO Samir Jasuja highlighted the need for a single-window clearance system, while industry experts like Ramesh Menon and Manoj Gaur stressed the importance of tax breaks and redefining affordable housing limits.
As we await Union Budget 2024, with Finance Minister Nirmala Sitharaman set to present her 7th budget, the real estate sector is optimistic about the potential for relief and growth in the industry. Stay updated on the latest news and analysis with Deccan Herald!
Published on 20 July 2024, 11:01 IST
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