BUDGET 2021 ON REAL ESTATE SECTOR |
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Real Estate is considered the nation’s most crucial economic engine. This is the major reason that Finance Minister Nirmala Sitharaman welcomed the investment in Budget 2021. Two incentives that are provided to the real estate sector are basically for the benefits of taxes for the investment of affordable housing and private investment format such as REAL ESTATE INVESTMENT TRUSTS OR INFRASTRUCTURE INVESTMENT TRUSTS (REITs OR 11711. Moreover, it includes two tax exemption benefits as well as the deduction of interest on loans for affordable housing. Apart from these, for increasing the value of overall capital appreciation of nearby projects, Finance Minister also announced some supportive measures. This initiative proves to be boosted in the real estate industry this year. |
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