Pragativahini News, Belagavi
The Interim budget proposed by the central government is a big and much needed boost for the real estate sector, said Chaitanya Kulkarni, Vice President CREDAI KARNATAKA.
The continued benefits of affordable housing and extending for one more year, The capital gain up to 2 crores for buying two houses is really a great benefit for the real estate industry. Allowing the tax benefits for the second house is another big gift which will definitely boost the sales of flats all across the nation, he added.
The major relief of the notional rental income for the builders of unsold inventory after one year was a big concern in the slow market. Extending this for second year is a big relief for the builders. Best part is tax exemption up-to five lakhs and 6.5 Lakhs with investment will boost the purchasing power of the common man. Granting the Industrial Status which was much expected after the RERA is the one which I feel is missed by this Budget. I rate this as 10 out of 10 Budget for my Industry and feel proud about the Kisan Sanman Nidhi and Thank Modiji for the same, Kulkarni explained.
ಪ್ರಗತಿವಾಹಿನಿ ಸುದ್ದಿಗಳನ್ನು ನಿಮ್ಮ ಸ್ನೇಹಿತರಿಗೆ, ಬೇರೆ ಗ್ರುಪ್ ಗಳಿಗೆ ಶೇರ್ ಮಾಡಿ
