Budget for real estate buyers is highly disappointing
1. No change in GST rate. High GST rate is one of biggest barrier in revival of demand
2. No relief to home buyers on interest deduction on under construction flats
3. No relief on income tax slab to middle class
4. Affordable housing fund is too small to contribute to housing for all.
5. Allowability of 5% variation in ready recknor rate and agreement rate is too small when compared to 100s of micro markets where market rates are lesser than ready recknor rates
6. No relief in structure of REIT
However, taxation on long term capital gain on listed equity can bring some money to real estate.
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