How 2018 Budget Influences Real Estate Sector

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How 2018 Budget Influences Real Estate Sector

• By
• Samraat Group
• 
  Real Estate Developer
• Nashik

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• Real estate is the second largest employer of the
  country and have always been an indispensable
  part of yearly budget

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PMAY Scheme

• Commitment of providing houses to poor in rural
  areas under PMAY scheme.

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• Completion of construction of 5 million rural
  houses by 2018 and 10 million rural houses by
  March 2019

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To boost real estate transaction

• The Budget proposes that real sale value of
  immovable property would be considered while
  taxing income from capital gains if circle rate
  value does not exceed 5 per cent of the
  consideration. 
• Source Economic Times

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Limited Impact

• Although budget has not impacted much as it was
  anticipated
• Industry was waiting for more announcements and
  changes

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Indirect Impression

• 2018 Budget focusses on increasing the income of
  farmers and people in rural areas which enhances
  their spending power and hence impacted
  indirectly real estate sector.

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Double Tax

• Real estate have been paying Higher stamp duty
  value to compensate this government has granted a
  5 safe harbour.

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• Real estate sector also get impacted by the urban
  rejuvenation and funds allocation for development
  of smart cities

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About Samraat

• Samraat Group is a leading real estate developer
  in Nashik, more than 30 residential project has
  been constructed and delivered successfully.

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Contact Us

• Address - Nashik Office Samraat Group, Samraat
  House Tagore Nagar, Opp. Dr. Ambedkar Nagar,
  Nashik-Pune Highway, Nashik - 422 006.
• Email us at  sales_at_samraatgroup.com or Call us
  on  91 253 2418080/81/82

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Thanks