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PwC Comment on Real Estate Sector by Bhairav Dalal, Associate Director, PwC India

Feb 28, 2015   14:19 IST 
India

PwC comment on real estate sector by Bhairav Dalal, associate director, PwC India:


'The Hon’ble Finance Minister has made quite a few announcements in Budget 2015 for the Real Estate sector. There is renewed emphasis on “Housing for All” by 2022 but no direct benefits on Affordable Housing.  Promoter-level capital gains tax on migration to REITs has been rationalized, which should kick start the REITs industry. Although, Minimum Alternate Tax on the migration to discourage promoters to immediately initiate the process.  Clarity on tax pass through for domestic Real Estate Funds should act as a catalyst in attracting significant investment. Removal of wealth tax should also be a positive for property investors.'


 
 
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