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Home > Forum > Indore > Property Tax > Different measures taken in the union Budget of 2015 that will benefit the Real Estate in Indore

Different measures taken in the union Budget of 2015 that will benefit the Real Estate in Indore

Q: Hello. I am Naveen. Please tell me the new measures that the Government has taken in the budget that was out recently. Will these measures have a positive effect on th ereal estate market?

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Replies (4)
1
With the increase in the service tax, the cost of construction wil increase and also the rental value in the city will also increase by some amount, so this will have a negative impact on the real estate market.
Abhijeet Chaubey


2
Yes, these two are some of the measures that wil have a positive impact in the real estate of the city, but the service tax that has now increased to 14% will obviously decrease the buyers for units in the real estate market, as this will be heavyon their pockets.
Atul Shukla


3
Yes, there is another new law regarding the rental value of the city, stating the, pass through benefit to rental income arising directly to REIT so that the REIT can directly own assets and income distributed to the unit holders from such assets would be taxable in the hands of the unit holders and not at business trust level.
Ashok Tiwari


4
Hi Naveen, The Government introduced a few measures in the Union Budget that will have a positive effect on the real estate market in the city. One is that the sponsor of REIT would exempt from capital gain tax and only liable to STT at time of transfer of assets to SPV, This solves the problems related to transfer of sponser assets to SPV.
Faizan Khan


Any other measure that will benefit the real estate market?
Manohar Scindia,  Indore
3rd March 2015


5

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