Real Estate Budget Expectations: Reviving the Sector through Tax Reforms
Dhruv Agarwala, Group CEO of Housing.com & PropTiger.com, discusses the positive aspects of real estate in the budget, highlighting the need for capital gains tax and stamp duties reforms to revive the sector.
Real EstateBudgetTaxesAffordable HousingIndiaReal EstateJul 27, 2024
However, the recent budget has brought some positive news for the sector. The allocation of Rs 2.2 lakh crore to the Pradhan Mantri Awas Yojana for the urban component is a significant boost to the sector. This initiative aims to provide affordable housing to millions of Indians, which will not only benefit the real estate sector but also have a positive impact on the overall economy.
In an exclusive conversation, Dhruv Agarwala, Group CEO of Housing.com & PropTiger.com, discussed the need for reforms in the capital gains tax and stamp duties to further revive the sector. According to Agarwala, these reforms are essential to increase affordability and incentives for homebuyers.
Information Housing.com is a leading real estate platform that provides a comprehensive online real estate experience. Founded in 2012, the company has grown to become one of the largest online real estate platforms in India, with a presence in over 300 cities and towns. PropTiger.com is another leading real estate platform that provides a range of services, including property buying, selling, and renting.
Housing.com & PropTiger.com are leading real estate platforms that have revolutionized the way people buy, sell, and rent properties in India. With a strong online presence and a network of experienced professionals, these platforms provide a comprehensive and hassle-free real estate experience.
Keywords real estate, budget, capital gains tax, stamp duties, affordable housing
Frequently Asked Questions
What was the impact of demonetisation on the real estate sector?
Demonetisation led to a significant downturn in the real estate sector, as it resulted in a liquidity crunch and a decrease in demand for properties.
What is the Pradhan Mantri Awas Yojana?
The Pradhan Mantri Awas Yojana is a government initiative aimed at providing affordable housing to millions of Indians, particularly in urban areas.
Why are reforms in capital gains tax and stamp duties necessary for the real estate sector?
Reforms in capital gains tax and stamp duties are necessary to increase affordability and incentives for homebuyers, which will help revive the sector.
What is the role of Housing.com and PropTiger.com in the Indian real estate market?
Housing.com and PropTiger.com are leading real estate platforms that provide a comprehensive online real estate experience, including property buying, selling, and renting.
What is the current state of the Indian real estate sector?
The Indian real estate sector has been facing challenges in recent years, but the recent budget has brought some positive news, and the sector is expected to recover in the coming years.
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