Real Estate Budget 2020 Highlights: Affordable Housing, NBFCs, Reduced Tax
With a lot of expectations ballooning for real estate budget 2020, finally, on February 1st, Finance Minister Nirmala Sitharaman has introduced the much-awaited budget 2020-21 with the new personal income-tax optional scheme, multi-billion-dollar agriculture, infrastructure, and health plans to revive development in these sectors. She said, "this budget would raise people's income and purchasing power in the form of capability growth and empower the deprived segments while shielding wealth creators." But, what about the Indian real estate sector , which is expecting some significant changes? Let's deep dive on the highlights of what Indian real estate gained from the budget 2020, Helping Hand Extended for Affordable Housing As per the previous budget 2019, Nirmala Sithraman declared that govt would deduce up to 1.5 Lakh from interest paid on loans for the purchase of affordable houses. Under this scheme, the deduction was granted for the house loans that were...