Good news for home buyers

[karthikkora]

Provide tax incentives to boost retail investments in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trust (InvITs); specifically, exemption from DDT and capital gains on transfer of assets to REITs. Provide clarity on whether FDI is allowed in owning other built commercial asset classes such as shopping centres / malls. Expectations are riding high that the central government will continue to push for reforms that were so far left in the backburner and are much needed to revitalize the economy. As the Government has pointed out time and time again, revival of economic growth is its top agenda and the real estate sector will benefit immensely from this. In addition to introducing suitable policy reforms in the Budget, the central government also needs to pass the proposed Real Estate Regulation Bill and implement it in on a priority basis to bring in more transparency and best practices to the real estate sector.