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.
2024 Budget Allocation of Real Estate Sector in Kolkata
The main areas, focused on in the Indian budget, are some amendments to the income tax laws and regulations. Your investment is long-term if any buyer holds the best flats in Kolkata for more than 24 months. The long-term gains, on the purchase of any luxury flats in Kolkata, can be obtained after applying the tool to measure the gains till the purchase of the property, deducting the long-term capital gains tax.
The budget added that the government will reduce capital gains tax from 20% to 12.50%. It is huge for the real estate business and the buyers as well. Buyers, who wish to sell their existing flats in Kolkata and are willing to buy a new one, will get a tax exemption under Section 54 of the Indian Tax Act.
The allocation for the infrastructure is an investment of 11.11 lakh crores. Following that, PM Awas Yojana Urban 2.0 would get an investment of 10 lakh crores. Road connectivity projects are to get an investment of 26,000 crores and the power sector is to be allocated 21,400 crores. Additionally, the central government has announced in the budget contributing the state government a whopping 1.5 lakh crores on an interest-free loan basis.
Kolkata Reacts to Budget
The news of the budget brought an immense upliftment of optimism to the buyers in Kolkata, who are on the hunch for the best flats in Kolkata. Kolkata has seen an increasing graph of buyers, investing in their dream apartments. This budget has put flats in Kolkata on the map, bringing smiles across the faces of the buyers and letting buyers go on looking for homes in the contours of four-walled flats.
Great option of flats in Kolkata
With the hustle and bustle of the city along with traffic congestion, stress and noisy environs, buyers are looking to live in comfortable, luxury flats in Kolkata with great views amidst a serene home. If you are hunting for a residence of this stature, you are up for a great surprise.
Orchard Amritaya, a beautiful housing project in Kolkata, is here to take everyone by a huge revelation. We are the only housing complex project in Kolkata, giving the first Ganga-facing flats in Kolkata.
We, Orchard Amritaya, have many options for luxury flats in Kolkata. The project has 2 bhk flats that range from 922 to 947 sq, and their 3bhk flats range from 1205 to 1335 sq. ft. We are the pioneer of providers, providing the first riverside residential complex in Kolkata with two balconies in each flat.
Attractive Perks
The project has a 35000 sq. ft river-facing garden with a stunning view. As a resident, you will live in a lap of luxury with our comfortable living lifestyle. The project is well-connected. The nearest metro station is Dumdum Metro, which is 3.5 km away. You will enjoy a smooth commute from work and home. As a resident, you will be surrounded by malls, hospitals, schools and colleges.
Inside the complex, you are being pampered by us. Our amenities include a private theatre, games room, banquet hall, indoor gymnasium, kids’ play area, a Ganga sundeck, sports court, swimming pool, yoga lawn and a fitness garden.
Closing Remarks
Orchard Amritaya is the only housing project providing the only residential Ganga-facing flats in Kolkata. In our flats in Kolkata, you will live in a dream with all our amenities bundled inside. Facing the Ganga River, inside a comfy and serene environment, you will experience and live in paradise.
FAQ
1. What is the budget for housing benefit in 2024?
The Indian government has announced an investment of 10 lakh crore under the PM Awas Yojana Urban 2.0 in the next five years.
2. Which sector will benefit from the budget in 2024?
The proposed budget listed the sectors that will have a huge impact. The sectors include infrastructure, agriculture, space economy, manufacturing, services, telecom and defence.
3. What is the budget for infrastructure in 2024?
According to the budget 2024-25, the government announced an investment of 11.11 lakh crore for the infrastructure sector.