Reported sources said at the www.propertykhazana.com says that, at present Govt. is on the exact footpath by allowing the income tax exemption to raise and the accessible for interest payment on housing loans to Rs. 3.5 Lakhs per year. But, still there are many unfilled ones which must be filled and the budget must make critical supplies for the downward of required infrastructure so that the new localities can be started shortly.
As per to the sources saying at the www.propertykhazana.com, the budget must bestow lucidity on the STPI rules that if they would continue or if they have altered and the budget must offer clearness on the opening of realty regulator. The reality is that India, at present is a member of the global village by making higher levels for lucidity clamorous. This regulator might not be needed to decide on prices, but must cut the firm principles in terms of land transactions and also class parameters in terms of rating of constructions.
According to the sources saying at the www.propertykhazana.com, budget must provide a momentum for realty mutual funds so that realty can be available to retail investors and ought to free the rental income which is produced by commercial premises from service tax. Budget must pull out the tax holiday under the Section 80-IA (4) (iii) for the developers who construct, function and sustain the industrial parks so that the adjusted IT industry will get a shot in the division. Budget must allow the foreign direct investment (FDI) to enter into the realty segment. For more updates on realty market browse www.propertykhazana.com.
Source: Real Estate
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