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.
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