Real estate recommendations for the Union Budget 2023-24
1 year, 11 months ago

Real estate recommendations for the Union Budget 2023-24

The Hindu  

The limit of principal deduction on housing loans under Section 80C of the Income Tax Act 1961 stands at ₹1.5 lakh per annum. It is recommended that this be increased to at least ₹4 lakh per annum in the next Union Budget. The interest deduction limit under Section 24 of the IT Act on housing loan stands at ₹2 lakh per annum, respectively, to incentivise homebuyers. Long-term capital gains from the sale of house property are presently taxed at 20% through a special provision like Section 112 for equity shares.

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History of this topic

Budget 2025: NAREDCO pitches for hike in deduction on housing loan interest payment
2 days, 21 hours ago

Budget 2025: NAREDCO pitches for hike in deduction on housing loan interest payment

Hindustan Times  

National Real Estate Development Council on Monday pressed for a hike in deduction on housing loan interest payment from ₹2 lakh to ₹5 lakh and accord infrastructure status to the housing sector in the forthcoming Budget. National Real Estate Development Council on Monday pressed for a hike in deduction on housing loan interest payment from ₹ 2 lakh to ₹ …

Interim Budget 2024: What can it do for real estate?
11 months, 3 weeks ago

Interim Budget 2024: What can it do for real estate?

The Hindu  

The Indian real estate sector, particularly housing, is at a critical juncture as we approach the Union Budget for 2024-2025. Considering the forward momentum seen in 2023, alongside global economic challenges and the stagnation in affordable housing, there are several key areas the sector should focus on in its demands from the upcoming budget. Real estate stakeholders therefore look to …

Union Budget 2023-24: Why favourable policies for realty sector can assist in growth, economic sustainability
1 year, 11 months ago

Union Budget 2023-24: Why favourable policies for realty sector can assist in growth, economic sustainability

Firstpost  

In a post-pandemic arena, unlike many other sectors, the Real Estate sector has rebounded strongly. Direct Tax relief measures Simply put, the expectations of home buyers can be categorised into three main buckets – enhancement of personal tax deductions, rationalisation of capital gains tax regime, and introduction of incentives. Given the trend in rising prices in the RE sector, due …

External Commercial Borrowings: A Brief Analysis Of The New Framework
3 years, 10 months ago

External Commercial Borrowings: A Brief Analysis Of The New Framework

Live Law  

As part of development tactics, India has always encouraged all kinds of capital inflow. Also, the new ECB Framework further widens the scope of the term "Eligible Borrower" by adding all such entities who are eligible to take FDIs as Eligible Borrowers of ECBs. Individual Limits: The new ECB Framework has defined a proper borrowing limits based on the sectors …

‘Housing for all’ scheme gets ₹18,000 cr
4 years, 1 month ago

‘Housing for all’ scheme gets ₹18,000 cr

Live Mint  

Bengaluru: An additional outlay of ₹18,000 crore for Pradhan Mantri Awas Yojana, over and above the ₹8000 crore allocated in the budget, by finance minister Nirmala Sitharaman on Thursday may help in giving an extra push towards the government’s ‘housing for all’ mission. “ ₹18,000 crore will be provided over the Budget Estimates for 2020-21 for Prime Minister Awas Yojana …

Govt announces steps to boost housing, facilitate homebuyers
5 years, 3 months ago

Govt announces steps to boost housing, facilitate homebuyers

The Hindu  

The government on Saturday announced a ₹10,000 crore special window to provide last-mile funding for completion of ongoing housing projects, which are not NPAs or facing bankruptcy proceedings under NCLT. Announcing the measure, Finance Minister Nirmala Sitharaman said the government will contribute ₹10,000 crore for the special window and roughly the same amount is expected from outside investors. Ms. Sitharaman …

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house
5 years, 6 months ago

Real Estate Sector Budget 2019: Govt hikes tax break on interest paid on home loans to Rs 3.5 lakh for purchase of first house

Firstpost  

Nirmala Sitharaman raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan for the purchase of first home worth up to Rs 45 lakh. New Delhi: Finance minister Nirmala Sitharaman on Friday raised tax deduction limit to Rs 3.5 lakh on interest paid on housing loan sanctioned during this fiscal for purchase of first home worth …

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