NEW DELHI, Feb. 3 -- Arvind Pahwa- Advisor
" Overall the budget has been positive for the Real Estate sector. No notional income on second house for two years from completion will help people owning more than one house and would be a positive for the rental market. Allowing a property owner to invest in two properties from the long term capital arising by sale of one property is a welcome step. This will help a family to buy two properties from the sale proceeds of one for two children. Further, this will encourage owners to invest in two smaller properties thus encouraging affordable housing. Announcement regarding review of GST on housing will help mitigate a major grouse by the developers. Increasing in the slab for deduction of tax at ...