Realty sector seeks Higher Tax Incentives For Purchaser, Developers
The key demands of the important estate sector embrace higher tax relief on home equity credit interests aside from increase deduction limit beneath Section 80(C) of the revenue enhancement Act.
India's Real Estate Industry sector has been witnessing a gradual delay since the Narendra Modi-led Govt.had declared demonetization in 2016.
Several realty brokerages and specialists aforementioned the consequences of presidency reforms introduced over the previous few years still bother the arena, that contributes extremely to India's value.
But the output of the important estate sector has dampened drastically over the previous five years despite the government's various policy changes and amendments to drag the arena out of a crisis.
To add to the woes, the recent liquidity crunch including a delay in shopper demand has more weakened the outlook of reality in India.
