Union Budget 2017 proposes several positive measures for the real estate sector. Infrastructure status to affordable housing, which will reduce the cost of funding for the builders, the benefit of which he can pass on to the purchasers. The land holder in any real estate project has to pay tax on the gains only once the project is complete. Now this payment would be deferred, thus encouraging more land holders to enter into development with realtors. Companies that will benefit : Ashiana Housing, Ansal Properties, Kolte Patil, DS Kulkarnia, Prestige Estate.

Source: Economic Times February 01, 2017 09:34 UTC