Vikas Oberoi CMD Oberoi Realty On Interim Budget 2019
Vikas Oberoi, CMD, Oberoi Realty– This budget is very positive for the overall economy and will give a boost to the real estate and infrastructure industry. It has offered much-needed incentives to boost customer sentiments which bode well for the industry. Full tax rebate for income up to rupees 5 lakhs will only spur growth. Customers can now save on capital gains tax arising from the sale of a house by investing in two residential house properties as against one and no tax on deemed rent for up to two homes. Developers will get an exemption for two years from the date they receive occupancy certificate for the national income tax on housing inventory as against one year earlier and the government has extended the tax holiday for affordable housing by one year.
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