Did Budget 2021 meet expectations of the Real Estate sector? Anil Singhvi speaks to Niranjan Hiranandani, President, NAREDCO
In his chat with Zee Business Managing Editor Anil Singhvi, NAREDCO President Niranjan Hiranandani said that the tax free nature of affordable housing has been increased by 1 more year. This segment was already in focus and the Finance Minister further focussed on it, which is an extremely good sign for the sector. Government has given a lot of importance to affordable housing and some benefits which were previously given are being continued.
Hiranandani said that in the PMAY Scheme, GST is just 1%. Maharashtra stamp duty on Affordable Housing is just Rs 1000. Stamp duty benefit is 3% in Regular housing but is only Rs 1000 in Affordable Housing: Zee Business