Pre-budget quote from Mr. Mazhar Syed, Director, AsmitA India Realty
2023 witnessed a significant surge in property sales across various realty segments, making it an exceptional year after the COVID-19 slump for us. And the sector enters 2024 with high expectations, looking forward to the Union Budget with renewed hope to keep the momentum high. The industry looks to the Finance Ministry with optimism, particularly in response to the plea for a hike in the tax slab to Rs. 5 lakhs per annum for interest rate deduction under section 24(b) of the Act, up from the current Rs. 2 lakhs for home buyers.
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