Affordable housing segmentAccording to one of the industry expert, the Indian interior design landscape has witnessed significant growth thanks to the ever-growing demand for real estate in the country. Industry status in real estateAnother industry expert is seeking policy initiatives that will benefit homebuyers and real estate developers alike. For a robust and sustainable real estate industry, he underscored the simplification of capital gains tax provisions. The complexities involved in asset classification, residential status determination, and computation of acquisition costs should be addressed. He also highlighted the need for reinstating input tax credit for real estate, especially in residential projects with higher GST.

Source: Mint January 18, 2024 12:49 UTC