This years Budget and the governments Smart City push have together brought good news for home buyers. In the Budget, the Finance Minister extended the construction completion deadline for getting tax breaks under Section 24 from 3 to 5 years. Two, the tax benefit for buying a house on loan was increased with the FM announcing an additional deduction of Rs 50,000 under Section 80EE.
The first list of 20 smart cities released this January boasts quite a few locations, which may not be among the popular residential markets today, but will develop significantly with good overall infrastructure, sustainable real estate, communications and market viability. Out of them, we have picked eight destinations which are not only good for end-users with small pockets but are also great investments considering the potential price appreciation. We have focused on the most promising localities in each city, listing their current prices and the expected escalation in the next five years The passage of the Real Estate Bill will also play an important role in the Smart City story by protecting the interest of buyers and ushering in more transparency in a sector notorious for opacity.
The first list of 20 smart cities released this January boasts quite a few locations, which may not be among the popular residential markets today, but will develop significantly with good overall infrastructure, sustainable real estate, communications and market viability. Out of them, we have picked eight destinations which are not only good for end-users with small pockets but are also great investments considering the potential price appreciation. We have focused on the most promising localities in each city, listing their current prices and the expected escalation in the next five years The passage of the Real Estate Bill will also play an important role in the Smart City story by protecting the interest of buyers and ushering in more transparency in a sector notorious for opacity.
