New Delhi, January 21, 2022: “The real estate sector has finally started seeing a revival in many parts of the country after years. At the same time, we have seen a tremendous amount of inflation in the input costs for all construction projects. As a result, developers will be forced to raise prices for homebuyers. At the same time we have seen a tremendous desire amongst people to increase their size of homes as a result of the pandemic. This is a great time for the government to provide a time bound incentive in terms of a reduced capital gain tax. Increasing the interest deduction as well as standard deduction will also help home buyers at a time when home prices will rise affecting their affordability”.
Corporate Comm India (CCI Newswire)
