Double boost for housing: Steady rates, indexation benefits drive optimism

Quick Summary:

RBI decided to keep repo rates unchanged at 6.

Moreover, partial withdrawal of the applicability of the revised LTCG tax arising out of sale of land & buildings retrospectively provides elbowroom to effect housing sales with minimal tax outgo.

As per ANAROCK Research, housing sales touched nearly 2.51 lakh units across the top 7 cities in the first half of 2024 - the highest half-yearly sales in the last decade.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Affordable housing RBI Repo rate Real estate Construction Property Repo rate unchanged RBI policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 11:21:48 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21978306

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Official Website: business-standard.com

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