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New Delhi: like special economic zones (SEZs) which will have plenty of tax exemptions.
Brick-by-brick
National Real Estate Development Council members met Montek twice last week. To meet him again this week
The main demands include lowering of interest rates, restoration of 80 IB, giving infrastructure status to the real estate sector
Other demands include restructuring of debt, increasing the debt moratorium by one year, giving tax rebate to home buyers up to Rs 3 lakh
Realtors demand there should be 50% tax concession on the rental income of the general category and 100% concession for senior citizens and women
Developers think if tax rebate is extended upto Rs 3 lakh compared to the present Rs 1.5 lakh, it will act as an incentive for home loan buyers to invest in homes...
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