As the much awaited event is past us, there is lots for real estate sector to take away from it. Tax incentives in various forms were extended to home buyers (small rebate in personal taxes), builders and land lords. The buzz word this budget was affordable housing, with it being accorded the infrastructure status. There was further relaxation to the unit sizes that qualify as affordable residence. Many builders we speak to have gone back to drawing board and looking at options to enter this space that is also the need of the hour. We await clarity on whether there is any budget/ unit cost related constraint to it as well.
We have rounded up the Budget 2017 in along with International Land Developers of Gurgaon and the note is attached to the email.
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