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Interim Budget 2019: Much-awaited push for realty, home sales may spike

In an effort to push the PM's housing-for-all, govt announces a whole set of tax reforms for the sector

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Interim Budget 2019

BS Reporters  |  New Delhi/Mumbai 

India’s $200 billion real estate sector has finally got some reprieve in the last budget tabled by the incumbent government. In an effort to push the Prime Minister’s housing-for-all initiative, the government has announced a whole set of tax reforms for the sector in Interim Budget 2019.

The changes in tax policies are also expected to boost home sales which have been subdued in markets such as national capital region, Mumbai and other big cities. Scan the budget insight out here From exemption on levy of income tax on notional rent on a second self-occupied ...

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First Published: Fri, February 01 2019. 15:04 IST