Noida real estate developers seek financial incentives, including tax benefits, in the upcoming Budget 2024.
Real EstateNoidaBudget 2024Indian EconomyTax IncentivesReal EstateJul 22, 2024
Noida real estate developers are seeking financial incentives, including tax benefits, subsidies, and relaxation of norms, to boost the sector.
The current GST rates on construction materials, such as cement and steel, range from 18% to 28%.
The current tax deduction limit on home loans is ₹2 lakh.
The Enemy Property Act prohibits the sale of properties owned by Pakistan citizens.
Noida is one of the largest real estate markets in India, driven by its proximity to Delhi, good infrastructure, and availability of affordable housing options.
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