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Will Budget 2017 help combat demonetisation woes?

While the Finance Minister made several announcements during Union Budget 2017-18, it remains to be seen if these measures exert any assistance in combating the consequences of demonetisation and revive the real estate market. The…

February 17, 2017

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By: Tarun Raheja, Sr. Research Analyst, 99acres.com

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What’s in store for real estate investors post Budget 2017?

The Budget 2017-18 has been a mixed bag for the real estate sector. While several policy reforms are touted to work in its favour, a few tax provisions might play a dampener and restrict housing…

February 13, 2017

1567 Views
By: Dhruv Mathur, Associate Research Analyst, 99acres.com

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Budget 2017 disappoints second home buyers

Budget 2017 has tightened the norms for second home investors by reducing the tax exemption on home loan repayment of a second home to Rs 2 lakh. Investors, who were purchasing a house for the…

February 8, 2017

2385 Views
By: Subhadra Bhadauria, Sr. Research Analyst, 99acres.com

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Decoding the Capital Gains Tax: Before and After Budget 2017

Several modifications have been made to the capital gains tax structure in the Union Budget 2017-18. Here is an understanding of the changed rules and their incidence on your tax liability now. The alterations brought…

February 6, 2017

2980 Views
By: Shradha Goyal, Sr. Editor, 99acres.com

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#UnionBudget2017: Analysing pros and cons for homebuyers

Apart from according infrastructure status to affordable housing and announcing tax sops for lower-income groups, the Union Budget 2017-18 was not a game changer for the homebuyer community. 99acres delves deeper to analyse the implications of…

February 3, 2017

1617 Views
By: Kaushik Sridharan, Research Analyst, 99acres.com

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#UnionBudget2017: Rural housing gets a massive boost from government

Rural development was a key focus area this Budget as the government announced several initiatives under Pradhan Mantri Awas Yojana (PMAY) and Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA). Housing and infrastructure development remained…

February 1, 2017

2388 Views
By: Subhadra Bhadauria, Sr. Research Analyst, 99acres.com

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#UnionBudget2017: Real estate to benefit from reforms in capital gains tax

With the Union Budget 2017-18 announcing changes associated with the capital gains tax on real estate, developers and investors are likely to benefit significantly. 99acres takes a closer look at the implications. While the Union…

February 1, 2017

2477 Views
By: Farozan Akhtar, Research Analyst, 99acres.com

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#UnionBudget2017: Infrastructure receives a major boost from Jaitley

The Union Budget 2017-18 announced large-scale funding for the infrastructure sector, providing a major thrust to the connectivity quotient across the country. Apart from focusing on the rural economy, affordable housing, and fiscal discipline, the Union…

February 1, 2017

1267 Views
By: Anshul Kumar

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#UnionBudget2017: Top misses for real estate sector

While the Budget announced several positive reforms, it missed out on key announcements such as industry status to real estate, single-window clearance, tax subsidies for first-time homebuyers and clarity on REITs and GST Bill. While…

February 1, 2017

2206 Views
By: Shradha Goyal, Sr. Editor, 99acres.com

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#UnionBudget2017: 5 direct benefits for real estate sector

The Union Budget 2017-18 has steered the real estate sector in a positive direction through the pro-homebuyer announcements shared by Finance Minister, Arun Jaitley. The FM has not only introduced pioneering measures to boost affordable…

February 1, 2017

4151 Views
By: Shradha Goyal, Sr. Editor, 99acres.com

BUDGET in News

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Budget 2017: Cement industry hopes for tax relaxationsJanuary 30, 2017

INDUSTRY Opinion

Union Budget 2017-18: Expectations for the realty market

The upcoming Union Budget 2017-18 is one of the most awaited events. We expect the government to announce tax rebates, measures to reduce home loan interest rates and Single Window....

January 18, 2017

Sahil Kapoor,

Director- Sales & Operation, REMAX India

EXPERTS Speak

Rohit Gera,

Managing Director, Gera Developments & VP, CREDAI - Pune Metro

There are a number of positives for the realty sector such as the reduction of holding period for long term capital gain as well as clarification on the date of tax in case of joint development. Unfortunately, the steps taken will not be enough to kick start the sector.

Anand Piramal,

Executive Director, Piramal Group

It is heartening to see affordable housing get infrastructure status, which along with the increased completion timelines will significantly pave the way for ‘Housing for All’ to become reality by 2022.

Sachin Sandhir,

Global Managing Director-Emerging Business, RICS

The Budget 2017 broadly focusses on the rural economy, infrastructure, affordable housing, employment, digital economy and fiscal discipline. We believe that it is a fairly balanced Budget.

Getamber Anand,

President – CREDAI National

Infrastructure Status to affordable Housing, additional refinance of Rs 20,000 crore from NHB and lower interest rates reinstate the govt’s intent to enable access to cheaper capital.

Dharmesh Jain,

President, MCHI-CREDAI

Post radical financial reforms, tax reforms & rationalisation are the need of the hour. Increasing tax deduction limits under 80C and for first time homebuyers will be major confidence boosters.

Ravindra Pai,

MD, Century Real Estate

We hope the term ‘affordable housing’ is clearly defined and also accorded "Industry Status" this year. We would also like to see more spends and concrete steps towards digitisation of land/property records.

Dhaval Ajmera,

Director, Ajmera Realty

To boost demand in the realty sector, tax deduction limit for housing loans should be increased. Tax benefits for the interest on housing waiver should also be doubled.

Girish Shah,

Director, The Wadhwa Group

This year, we are optimistic about amendments and addressal of certain issues such as implementation of GST Bill, clarity on the land acquisition policy and RERA, and activation of REITs.

Harshil Mehta,

CEO, DHFL

Principal repayment limit must be allowed over and above other investment deductions in affordable housing segment. Moreover, additional funds should be allocated under the Rural Housing Scheme.

Kishore Bhatija,

MD, Real Estate Development, K Raheja Corp

The government must address issues such as Income Tax slabs, IT SEZ Policy and GST Bill. Implementation of RERA, land acquisition policy and Benami Transactions Bill should also be expedited.

Chintan Sheth,

Director, Sheth Corp

The Government must exempt Income tax for affordable homes and reduce service tax to off load home buyers of multiple taxes. There is also a dire need to put single window clearance in place.