Government Unlikely to Tinker with Capital Gains Tax; Cyclicals to Maintain Market Leadership
There is a little bit of cushion with one trillion extra from the RBI dividend and maybe about half a trillion in terms of better revenue than what was forecast. So, there may be a little bit more for the farmers, there could be some tax concessions at th
Capital Gains TaxMarket LeadershipCyclicalsReal EstateDefence ProductionReal Estate NewsJul 19, 2024
Ved also expects the government to provide some relief to farmers and introduce tax concessions at the lower end, given the cushion of one trillion extra from the RBI dividend and half a trillion in better revenue than forecast. However, he does not see any drastic changes to the budget construct, which has been focused on capex, infrastructure, manufacturing, and defence production.
When asked about the likelihood of populist measures, Ved said that the government has been fiscally conservative in the past and is unlikely to deviate from this approach. He also expressed confidence in the long-term growth prospects of the real estate sector, which he believes is in the early stages of a long-term cycle.
In terms of portfolio strategy, Ved advises investors to focus on the cyclicals, which have been leading the market, and to be cautious about booking profits too quickly. He believes that the leadership in these sectors will continue for the next 7-10 years, with some corrections and rotations along the way.
Alchemy Capital is a leading investment management firm that provides a range of financial services to its clients. The firm is known for its expertise in Indian equities and has a strong track record of delivering returns to its investors.
Frequently Asked Questions
Will the government change the capital gains tax?
No, the government is unlikely to make any significant changes to the capital gains tax.
What are the key sectors that will drive growth?
The key sectors that will drive growth are infrastructure, manufacturing, and defence production.
Will the government introduce populist measures?
The government has been fiscally conservative in the past and is unlikely to deviate from this approach.
What is the outlook for the real estate sector?
The real estate sector is in the early stages of a long-term cycle and has significant growth prospects.
What is the recommended portfolio strategy?
Investors should focus on the cyclicals and be cautious about booking profits too quickly.
Related News Articles
Prestige Estates Subsidiary Acquires 4.5 Acres in Pune for Over Rs 200 Crores
The real estate market's growth trajectory is fuelled by factors such as urbanisation, economic development, and a growing middle class with rising disposable incomes.
Graffiti Vandalism Strikes Luxury Bel Air Mansion, Highlighting Growing Concerns in High-End Real Estate
A stunning Bel Air mansion listed for $21.5 million has fallen victim to graffiti, joining a troubling trend of vandalism plaguing high-end properties in Southern California. As affluent neighborhoods grapple with the growing concern of property defacemen
Average Housing Prices Rise in 23 Major Tier II Cities; Decline in 5 Small Towns: PropEquity
The average housing prices in 23 major Tier II cities have seen an uptick, while rates have fallen in 5 small towns, according to a recent report by PropEquity. Samir Jasuja, Founder & CEO of PropEquity, provided insights into the changing real estate lan
Brookfield India REIT Raises Rs 3,500 Crore through QIP
Brookfield India Real Estate Investment Trust (REIT) has successfully raised Rs 3,500 crore through a Qualified Institutional Placement (QIP). This capital infusion aims to strengthen the company’s financial position and support expansion plans.
Union Budget 2025: Real Estate Players Eye Reforms to Boost Housing Demand
Real estate players are optimistic that the Union Budget 2025 will introduce more reforms to enhance housing demand. Key demands include improved housing finance, tax reforms, and faster project clearances.
Pyramid Group Secures Future-Ready Real Estate with Advanced Construction Practices
Pyramid Group, a leading real estate developer, is revolutionizing the industry with its innovative and sustainable construction practices. By prioritizing advanced technologies and eco-friendly materials, the group is setting new standards in the real es