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Real Estate News
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Today, honourable Financial Minister, Nirmala Sitharaman has announced the 2021-22 Union Budget.
Let's explore how this year's budget fared for Indian Real Estate.
Also a real estate news roundup on the few of the important realty news of last week.
Budget Special
"Affordable Housing A Priority" - Nirmala Sitharaman
The honourable union finance minister has declared an additional deduction of Rs 1.5 Lakhs for the loans taken for purchasing an affordable house. She has also announced a tax holiday for affordable housing projects for another year till March 2022.
There is also a tax exemption for Affordable Rental Housing project, specifically aimed at construction and migrant workers.
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Minimum Wages and Employment Portal for Migrant & Construction Works
The minister has also announced a portal through which all the migrant workers' data will be collected and processed. This will propel, a change in the labour codes, and all the workers will get minimum wage regardless of the category. This move will seriously impact on the construction industry, thereby affecting real estate as well.
REIT exempted from TDS
Dividend payment on Real Estate Investment Trusts or REITs will be now exempt from TDS. The government will also be making amendments to help in attracting foreign portfolio investors. These amendments will be of great aid in the debt financing of InVITs and REITs.
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Simple Hacks to Recycle & Home Waste Segregation
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10 Best Anniversary Flowers to Save the Special Day!
State of the Art Home & Kitchen Appliances, A New Way of Living!
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7 Different Types of Cement in India
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Your Ultimate Guide to Making a Smart Purchase in 2025
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Top 8 Plot Investment Destination in Bengaluru
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How to get your home loan approved real easy?
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NRI tips to Buy Property in India
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