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How the 2024 Budget Enhances the Value of Flats in Kolkata

The 2024 Indian Budget was met with an uproar of emotions from different sectors, bringing happy tears to the real estate sector. The budget was allocated keeping the buyers in view, who are to buy Ganga-facing flats in Kolkata.

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How the 2024 Budget Enhances the Value of Flats in Kolkata

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  1. How the 2024 Budget Enhances the Value of Flats in Kolkata

  2. Introduction The 2024 Indian Budget has introduced key changes that significantly impact the real estate sector. Kolkata, a growing market, is poised to benefit from these budgetary provisions. The focus is on infrastructure development and tax benefits, which enhance the value of properties in the city.

  3. Key Budget Allocations Income Tax Amendments: The capital gains tax has been reduced from 20% to 12.5%, making it more attractive for sellers and buyers to reinvest in property. Infrastructure Investment: An allocation of ₹11.11 lakh crore is aimed at improving infrastructure, which will boost property values. PM Awas Yojana Urban 2.0: A ₹10 lakh crore investment will drive urban housing projects, increasing the supply and accessibility of flats.

  4. Impact on Property Buyers Tax Benefits: The extension of Section 54 tax exemptions encourages more buyers to sell existing flats and purchase new ones, fostering a dynamic property market. Increased Buyer Confidence: The budget's focus on real estate has bolstered buyer confidence, leading to increased investments in flats, particularly in Kolkata's thriving market.

  5. Orchard Amritaya Orchard Amritaya is a luxury apartment complex in Kolkata that is IGBC certified. The complex offers 2 and 3 BHK flats, with a variety of floor plans to choose from. The flats are spacious and well-appointed, with modern amenities such as air conditioning, geyser points in all bathrooms, and digitally printed tiles on the walls. The complex also has a number of amenities for residents, including a swimming pool, a gym, a clubhouse, and a children's play area.

  6. Kolkata's Reaction Buyers in Kolkata have responded positively to the budget, with a noticeable increase in demand for flats. The city’s real estate market is experiencing growth, especially in areas offering modern amenities and improved infrastructure.

  7. Benefits of Choosing an IGBC-Certified Apartment Energy efficiency Water conservation Improved indoor air quality Luxurious amenities Thoughtful designs

  8. Conclusion The 2024 Budget offers substantial support to Kolkata's real estate market. With tax incentives, infrastructure investments, and urban housing schemes, the value of flats in the city is set to rise. Now is the opportune time for potential buyers to invest.

  9. Orchard Amritaya is a luxury apartment complex located in North Kolkata, India. The complex offers 2 and 3 BHK flats, with a variety of floor plans to choose from. The flats are spacious and well-appointed, with modern amenities such as air conditioning, geyser points in all bathrooms, and digitally printed tiles on the walls. The complex also has a number of amenities for residents, including a swimming pool, a gym, a clubhouse, and a children's play area. Security is also a priority at Orchard Amritaya, with 24x7 CCTV cameras, intercom connectivity, and 24x7 vigilance by security guards.

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