Budget 2023: The End of Tax-Sops-Era for home buyers - Boman Irani- President CREDAI-MCHI
Mumbai (Maharashtra) [India] February 2 (ANI/PNN): The Union Budget 2023 has emphasised the need to accelerate economic growth, create new job opportunities, and build resilient infrastructure. There was too little for the real estate sector, and it missed an opportunity to boost the home-buying sentiments in the middle class, primarily by increasing the tax incentives on principle and interest on home loans. However, the Government's aim to boost and accelerate infrastructure development will eventually reflect in the growth and stability of the real estate sector.