 "real estate, housing, buildings")
premium
any reduction on this basic input cost could help boost prospects for under-construction properties
Last Updated : Feb 02 2019 | 12:08 AM IST
The government on Friday allowed a rebate on taxable income between Rs 2.5 lakh to Rs 5 lakh per annum in the interim Budget for 2019-20 (FY20). Experts believe this might boost the prime minister’s housing for all initiative, as it would provide additional disposable income to potential buyers of affordable homes.
The size of the real estate sector in the country is $200 billion.
Around 15.3 million houses have been constructed under the Pradhan Mantri Awas Yojana (PMAY). “From 2014 to 2018, 15.3 million houses have been built under the PMAY,” Finance Minister Piyush Goyal said
