To minimize the anxiety of the Indian economy few taxes waive off is on the card for the developers. As per the source reported at www.propertykhazana.com there will be extension of tax relaxations for various proposal of industrial park along with the developers of road ventures and realty products to bring up the downing economy with 8 – 9 percent growth by the end of next year declared by finance minister at the budget session.
On a short note with www.propertykhazana.com finance head of the country Pranab Mukherjee states that “the govt. will be offering one percent interest relaxation for all house loans up to Rs 10, 00,000 for one year. This year govt. will be allotting huge pathways for liquidity flow to overcome the economy stagnancy in the system in last 16 years”. Finance head further adds that to bring up the infrastructural scenario back to its lucrative site we have taken steps to extend our support for these schemes for another 2 years.
Later on this issue Mukherjee reveals that “the financial recovery in the country has already begun and we are quite confident to touch the growth rate up to 9 percent by the end of next year”. Good news for all the firms affianced at the maintenance and repair with relaxation of service tax and another concession for realty developers if they complete the ongoing sites by March 2012. For more updates visit www.propertykhazana.com.
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