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Real Estate

Tax cuts should boost Indian real estate demand, but many issues linger

Updated : February 26, 2019 12:38 PM IST

On Sunday, a government body said the sales-tax on under-construction residential houses in April will drop to 5 percent from 12 percent, while that on lower-priced projects classified as "affordable housing" will be cut to 1 percent from 8 percent.
The measure is one of a series by Prime Minister Narendra Modi's government to try to stimulate consumption as he and his Bharatiya Janata Party face nationwide elections by May.
Tax cuts should boost Indian real estate demand, but many issues linger
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