Tax Holiday, Debt Financing Of REITs: Key Highlights Of Real Estate In Budget 2021

Budget 2021: While presenting Budget 2021 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced to increase the supply of affordable house, and announced the extension of the eligibility period for claiming tax holiday for affordable housing project by one more year to March 31, 2022. It was also proposed to allow a new tax exemption for the notified Affordable Rental Housing Projects. For the real estate sector, the govern...