Transcription of Investor Update - lichousing.com
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Investor Update - lichousing.com
Investor UpdateMarch 2018 Population(cr)2 Section 80 CIT Act Deduction on account of principal repayment of up to lakh on home loans from the borrowers gross total income Section 24, IT Act Deduction on account of annualinterest payment of up to Rs. 2 lakh on home loans, where the house is self-occupied. Section 54, IT Act Capital gains from transfer of residential property, if invested is acquiring a residential house,exempt from income taxUrban population (cr)Urbanization Rate %Property cost (rs lac) & AffordabilityIndian housing industry: Strong growth drivers Rising populationGrowing urbanizationImprovement in affordabilityFavorable tax legislations1 Crore (cr)=10 millionSeveral initiatives to promote housing3 Real Estate Regulatory Authority RERA Bill in 2016: 24 out of 35 States & Union Territories have notified RERA Incentives for Builders in Affordable Housing-Union Budget 2016 Budget 2017: Infrastructure Status for Affordable Housing Budget 2018: Affordable Housing Fund to be createdSeveral initiatives to promote housing4 Housing For All by 2022 Launch of Pradhan Mantri Awas Yojana in 2015 100 smart Cities notified Announcement of Interest Subsidy for Loans upto Rs 9 lacs & Rs12 lacs by Hon ble Prime Minister on (MIG-I & MIG-II)5No.
Several initiatives to promote housing 4 • “Housing For All” by 2022 • Launch of Pradhan Mantri Awas Yojana in 2015 • 100 “Smart Cities” notified
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