{"id":35015,"date":"2023-01-13T14:13:20","date_gmt":"2023-01-13T08:43:20","guid":{"rendered":"https:\/\/plyinsight.com\/?p=35015"},"modified":"2023-01-13T14:17:07","modified_gmt":"2023-01-13T08:47:07","slug":"realtors-seek-higher-tax-sops-for-homebuyers","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/realtors-seek-higher-tax-sops-for-homebuyers\/","title":{"rendered":"Realtors Seek Higher Tax Sops for Homebuyers"},"content":{"rendered":"<p><span style=\"color: #000000;\">Real Estate developers are seeking an increase in tax exemption on interest paid on home loans, exemption on rental incomes, uniformity and expansion in the definition of affordable housing in the upcoming Budget for 2023-24 to help the sector witness sustained growth by supporting demand creation.<\/span><\/p>\n<p><span style=\"color: #000000;\">Realty developer&#8217;s body, the Confederation of Real Estate Developers&#8217; Associations of India (CREDIA), has written to the finance ministry to also suggest relaxation on long-term capital gains for investments and tax exemption on investments in real Estate through REITs.<\/span><\/p>\n<p><span style=\"color: #000000;\">With increasing retail inflation and continuous repo rate hikes, resulting in higher installments on all consumer loans, there is a compelling need to increase the existing limit of 2 Lakh on exemption of interest paid on home loans to at least 5 Lakh, said the industry body.<\/span><\/p>\n<p><span style=\"color: #000000;\">This is expected to provide extra disposable income in the hands of middle-income homeowners and attract prospective homebuyers to buy a home and thereby boost the demand.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>\u201cThe Real estate sector can add millions of livelihoods in a short time and significantly contribute to GDP.<\/strong> <\/span><\/p>\n<p><span style=\"color: #000000;\">Continuous rate hikes may cause short-terms turbulence in overall housing demand when buyers are optimistic about making decisions, adding to buyers&#8217; overall acquisition cost.\u201d<\/span><\/p>\n<p><span style=\"color: #000000;\">The property sector has started to see steady recovery across key markets, primarily driven by and users. However, successive repo rate hikes may have an impact on the interest-sensitive sector and the ongoing recovery. The sector&#8217;s growth will directly fuel the growth of more than 256 allied and ancillary industries, thereby creating a cascading effect on job creation and economic development.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>\u0930\u093f\u092f\u0932\u094d\u091f\u0930\u094d\u0938 \u0915\u0940 \u092e\u093e\u0902\u0917, \u0918\u0930 \u0916\u0930\u0940\u0926\u093e\u0930\u094b\u0902 \u0915\u0947 \u0932\u093f\u090f \u0939\u094b \u0909\u091a\u094d\u091a \u091f\u0948\u0915\u094d\u0938 \u091b\u0942\u091f<\/strong><\/span><\/p>\n<hr \/>\n<p><span style=\"color: #000000;\">\u0930\u093f\u092f\u0932 \u090f\u0938\u094d\u091f\u0947\u091f \u0921\u0947\u0935\u0932\u092a\u0930\u094d\u0938 \u0939\u094b\u092e \u0932\u094b\u0928 \u092a\u0930 \u092d\u0941\u0917\u0924\u093e\u0928 \u0915\u093f\u090f \u0917\u090f \u092c\u094d\u092f\u093e\u091c \u092a\u0930 \u0915\u0930 \u091b\u0942\u091f \u092e\u0947\u0902 \u0935\u0943\u0926\u094d\u0927\u093f, 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\u0939\u0948\u0964<\/strong> \u091c\u092c \u0916\u0930\u0940\u0926\u093e\u0930 \u0928\u093f\u0930\u094d\u0923\u092f \u0932\u0947\u0928\u0947 \u0915\u0947 \u092c\u093e\u0930\u0947 \u092e\u0947\u0902 \u0906\u0936\u093e\u0935\u093e\u0926\u0940 \u0939\u094b\u0924\u0947 \u0939\u0948\u0902, \u0924\u094b \u0916\u0930\u0940\u0926\u093e\u0930\u094b\u0902 \u0915\u0940 \u0938\u092e\u0917\u094d\u0930 \u0905\u0927\u093f\u0917\u094d\u0930\u0939\u0923 \u0932\u093e\u0917\u0924 \u092e\u0947\u0902 \u0935\u0943\u0926\u094d\u0927\u093f \u0939\u094b\u0928\u0947 \u092a\u0930, \u0932\u0917\u093e\u0924\u093e\u0930 \u0926\u0930\u094b\u0902 \u092e\u0947\u0902 \u092c\u095d\u094b\u0924\u0930\u0940 \u0938\u0947 \u0938\u092e\u0917\u094d\u0930 \u0906\u0935\u093e\u0938 \u092e\u093e\u0902\u0917 \u092e\u0947\u0902 \u0905\u0932\u094d\u092a\u0915\u093e\u0932\u093f\u0915 \u0905\u0936\u093e\u0902\u0924\u093f \u092a\u0948\u0926\u093e \u0939\u094b \u0938\u0915\u0924\u0940 \u0939\u0948\u0964<\/span><\/p>\n<p><span style=\"color: #000000;\">\u092e\u0941\u0916\u094d\u092f \u0930\u0942\u092a \u0938\u0947 \u0914\u0930 \u0909\u092a\u092f\u094b\u0917\u0915\u0930\u094d\u0924\u093e\u0913\u0902 \u0926\u094d\u0935\u093e\u0930\u093e \u0938\u0902\u091a\u093e\u0932\u093f\u0924 \u092a\u094d\u0930\u092e\u0941\u0916 \u092c\u093e\u091c\u093e\u0930\u094b\u0902 \u092e\u0947\u0902 \u0938\u0902\u092a\u0924\u094d\u0924\u093f \u0915\u094d\u0937\u0947\u0924\u094d\u0930 \u092e\u0947\u0902 \u0938\u094d\u0925\u093f\u0930 \u0938\u0941\u0927\u093e\u0930 \u0926\u093f\u0916\u093e\u0908 \u0926\u0947\u0928\u0947 \u0932\u0917\u093e \u0939\u0948\u0964 \u0939\u093e\u0932\u093e\u0902\u0915\u093f, \u0932\u0917\u093e\u0924\u093e\u0930 \u0930\u0947\u092a\u094b \u0926\u0930 \u092e\u0947\u0902 \u092c\u095d\u094b\u0924\u0930\u0940 \u0915\u093e \u092c\u094d\u092f\u093e\u091c-\u0938\u0902\u0935\u0947\u0926\u0928\u0936\u0940\u0932 \u0915\u094d\u0937\u0947\u0924\u094d\u0930 \u0914\u0930 \u091a\u0932 \u0930\u0939\u0940 \u0935\u0938\u0942\u0932\u0940 \u092a\u0930 \u092a\u094d\u0930\u092d\u093e\u0935 \u092a\u095c \u0938\u0915\u0924\u093e \u0939\u0948\u0964 \u0915\u094d\u0937\u0947\u0924\u094d\u0930 \u0915\u0940 \u0935\u0943\u0926\u094d\u0927\u093f \u0938\u0940\u0927\u0947 256 \u0938\u0947 \u0905\u0927\u093f\u0915 \u0938\u0902\u092c\u0926\u094d\u0927 \u0914\u0930 \u0938\u0939\u093e\u092f\u0915 \u0909\u0926\u094d\u092f\u094b\u0917\u094b\u0902 \u0915\u0947 \u0935\u093f\u0915\u093e\u0938 \u0915\u094b \u092c\u095d\u093e\u0935\u093e \u0926\u0947\u0917\u0940, \u091c\u093f\u0938\u0938\u0947 \u0930\u094b\u091c\u0917\u093e\u0930 \u0938\u0943\u091c\u0928 \u0914\u0930 \u0906\u0930\u094d\u0925\u093f\u0915 \u0935\u093f\u0915\u093e\u0938 \u092a\u0930 \u0935\u094d\u092f\u093e\u092a\u0915 \u092a\u094d\u0930\u092d\u093e\u0935 \u092a\u095c\u0947\u0917\u093e\u0964<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Real Estate developers are seeking an increase in tax exemption on interest paid on home loans, exemption on rental incomes, uniformity and expansion in the definition of affordable housing in the upcoming Budget for 2023-24 to help the sector witness sustained growth by supporting demand creation. Realty developer&#8217;s body, the Confederation of Real Estate Developers&#8217; [&hellip;]<\/p>","protected":false},"author":1,"featured_media":7014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3792],"tags":[3904,3905,322,1275,3907,2308,1331,3903,756,3906],"class_list":["post-35015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jan-articles-2023","tag-ancillary-industries","tag-credia","tag-gdp","tag-home","tag-homebuyers","tag-income","tag-industries","tag-property-sector","tag-real-estate","tag-real-estate-developers-association"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Realtors Seek Higher Tax Sops for Homebuyers - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/realtors-seek-higher-tax-sops-for-homebuyers\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realtors Seek Higher Tax Sops for Homebuyers - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"Real Estate developers are seeking an increase in tax exemption on interest paid on home loans, exemption on rental incomes, uniformity and expansion in the definition of affordable housing in the upcoming Budget for 2023-24 to help the sector witness sustained growth by supporting demand creation. 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