+
Annuj Goel, MD, Goel Ganga Developments
Real Estate

Annuj Goel, MD, Goel Ganga Developments

In the wake of rising construction costs, the government should consider a reduction in taxes on raw materials used in the real estate sector because these are the essential building blocks of the realty domain. Also, the real estate sector expects the government to reduce stamp duty and GST as well.

Further, we expect an increase in deduction limit under Section 80C of the Income Tax Act in the interest of homebuyers. Also, tax benefit should be given on the interest component of the home loan paid on under-construction properties. As of now, this holds valid only for ready-to-move-in properties.

In addition to all these expectations, we want the government to come up with more policies for the real estate sector as this government has a huge focus on making India a self-reliant nation with its Atmanirbhar Bharat and Vocal For Local campaigns.

In the wake of rising construction costs, the government should consider a reduction in taxes on raw materials used in the real estate sector because these are the essential building blocks of the realty domain. Also, the real estate sector expects the government to reduce stamp duty and GST as well. Further, we expect an increase in deduction limit under Section 80C of the Income Tax Act in the interest of homebuyers. Also, tax benefit should be given on the interest component of the home loan paid on under-construction properties. As of now, this holds valid only for ready-to-move-in properties. In addition to all these expectations, we want the government to come up with more policies for the real estate sector as this government has a huge focus on making India a self-reliant nation with its Atmanirbhar Bharat and Vocal For Local campaigns.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code