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Photo: File Rakesh Yadav

Real estate sector A great budget has come after a long time. This is to say of Real Estate Company Space India CMD and veteran realty expert Rakesh Yadav. He said that Finance Minister Nirmala Sitharaman has announced to increase the income tax exemption limit of up to Rs 12 lakh to deliver money in the hands of home buyers. At the same time, the limit of standard deduction exemption for the employed class has been increased to Rs 75,000 thousand. That is, the annual income of Rs 12.75 lakh in the job work became free. This will increase the savings of common people. He will use this money to fulfill a big dream like his home and car. This will increase the demand for houses. Indian economy will also benefit from this. GDP will speed up the demand in the market. This will work to bring the Indian economy back on track.

Announcement of new ‘Swami’ fund

Not only this, the new ‘Swami’ fund has been announced in the budget. The Finance Minister said that a new ‘Swami’ fund of Rs 15,000 crore will be created to complete one lakh units in housing projects. The objective of this scheme is to provide relief to the home buyers whose possession of the house is stuck. This is a great step. This will help in completing the stuck project. Not only this, the limit of TDS exemption on house rent was increased from Rs 2.4 lakh to Rs 6 lakh, which will benefit both the landlord and the tenant.

Two houses also relieved tax

At the same time, the owners of two households have also been asked to give tax relief in this budget. According to the information given in the budget, if you have two houses or properties of yourself, then according to taxation, the annual value of these two properties will be considered zero. Finance Minister Nirmala Sitharaman has announced in the budget speech on Saturday that taxpayers can claim the annual value of two self-conscious properties as zero.

Infra will also benefit from boost

Along with this, the Finance Minister for the Finance Minister for the Finance Minister on addressing the housing projects of Rs 1.5 lakh crore interest free loan amount of Rs 1.5 lakh crore and three public-private participation model (PPP) proposals from each infrastructure. Meditation is commendable.

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