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Union Budget 2018 Key takeaways for Real Estate - PowerPoint PPT Presentation


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Finance Minister Arun Jaitley on Thursday presented his fourth budget. Here is what the finance minister announced in Budget 2018. \n

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Presentation Transcript
slide1

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Rea

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Unio

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Key

“Finance Minister Arun Jaitley on Thursday presented his fourth budget. Here is

what the finance minister announced in Budget 2018 for Real Estate Sector”

affordable housing fund government will establish

Affordable

Housing Fund

Government will

establish a dedicated

Affordable Housing

Fund (AHF) in National

Housing Bank, funded

from priority sector

lending shortfall and

fully serviced bonds

authorized by the

Government of India.

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national housing bank national housing bank

National Housing

Bank

National Housing Bank Act

is being amended to

transfer its equity from the

Reserve Bank of India to

the Government. Indian

Post Offices Act, Provident

Fund Act and National

Saving Certificate Act are

being amalgamated and

certain additional people

friendly measures are

being introduced.

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reits the government and market regulators have

REITs

The Government and

market regulators have

taken necessary measures

for development of

monetizing vehicles like

Infrastructure Investment

Trust (InvIT) and Real

Investment Trust (ReITs) in

India. The Government

would initiate monetizing

select CPSE assets using

InvITs from next year.

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circle rates

Circle Rates

In order to minimize hardship in

real estate transaction, Jaitley

proposed that no adjustment

shall be made in a case where

the circle rate value does not

exceed 5% of the consideration.

this variation can occur in

respect of different properties

in the same area because of a

variety of factors including

shape of the plot and location.

smart cities 99 cities have been selected with

Smart Cities

99 Cities have been selected

with an outlay of Rs 2.04 lakh

crore. These cities have started

implementing various projects

like Smart Command and

Control Centre, Smart Roads,

Solar Rooftops, Intelligent

Transport Systems, Smart Parks.

To preserve and revitalize soul

of the heritage cities in India,

National Heritage City

Development and Augmentation

Yojana (HRIDAY) has been

taken up in a major way.

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let s find the house of your dreams

Let's Find The

House Of Your

Dreams

Call : 8010820000

Visit : www.clicbrics.com