As property market awaits finance minister's stimulus, a reminder of the challenges it faces
Updated : September 04, 2019 09:35 AM IST
First, raising the limit of what counts as “affordable housing” to units worth up to Rs 1 crore to give tax breaks to both builders and homebuyers.
According to a JLL India report, non-banking financial company (NBFC) funding to builders nearly halved to Rs 27,000 crore in FY19 as compared to Rs 52,000 crore in FY18.
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