[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.|
Affordable housing has always been the focus of the present government and various measures initiated underline its strong intent towards achieving that goal.
Although the upcoming Budget would be a vote on account, a few positive announcements from the affordable housing finance perspective can be expected.
Tax incentives for the first time home buyers
Section 80EE of the Income Tax Act provides an additional deduction of Rs 50,000 for the first time home buyers whose housing loan was sanctioned during the period April 1, 2016 to March 31, 2017. Given the government’s continued impetus on housing for all, this scheme should be extended further to benefit the first time buyers.
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Have a nice day.