The Union Government has announced the Budget 2023-24, a boon in disguise for several homebuyers.
Most homebuyers who belong to the middle class are relieved after hearing the positive announcement from the government. Several measures have been mentioned that can help taxpayers save more from their income.
In other terms, the government of India has declared that the tax break for affordable housing projects had been extended, to encourage developers to focus on affordable housing and make homes more accessible to a larger demographic in India.
In the upcoming budget, more measures will be taken in the real estate sector to provide the maximum benefits to homebuyers. For example, the government can consider extending the tax exemption limit on home loan interest as well as providing incentives for the purchase of electric vehicles (EVs) or introducing new schemes to promote affordable housing.
What Is the Impact of Budget 2023 on Real Estate?
The Union budget 2023-24 has invested in the urban infrastructure, and smart city initiatives along with promoting sustainable developments, public-private partnerships, investing in urban governance, as well as providing tax breaks.
This includes an array of favourable policies and reforms that primarily aim at boosting and revitalising the Indian economy. All these suggestions will highly affect the real estate categories like residential, commercial, industrial, and logistics.
It will not only attract more investors but will also boost demand, making real estate a profitable investment option. The Indian real estate industry is making an attempt to capitalise on these factors to accelerate growth and development. It is evident now that the real estate sector will continue on its upward trajectory.
How Does Buying a Flat at Orchid Amritaya Fit Your Budget?
The recent budget has proposed to prevent the deduction from the capital gains on residential properties under Sections 54 and 54F. So far, there has been no limit on the amount of gain an individual or a HUF can deduct from the sale of a house property or other investments by reinvestment in another house property.
As a homebuyer, you often find yourself in a position where having a reasonable budget and buying the most desirable home fail to go hand in hand.
Orchard Amritaya is here with the most sophisticated 3 BHK flats in North Kolkata, that is not just budget-friendly but also meet every expectation you could ever ask for.
Reasons to Choose a Luxury Residential Project in Kolkata by Orchard Amritaya:
1. Location
Situated near the Ganges, this development offers its residents the most serene view of the holy river. The tranquillity and the grace of the location itself can make you feel like you’re in paradise.
2. Budget-Friendliness
The 3 BHK flats in North Kolkata, starting from Rs.56 lakhs/- are well-connected to the city, allowing residents to easily access all of the amenities and services they require.
3. Amenities
With extensive amenities like a Picnic lawn, Tranquility Centre, Jogging track, Grand amphitheatre, Kids’ playground, Fitness garden, Badminton court and much more – your dream of living an all-new lifestyle will surely turn true. Whether you’re diving into the Infinity Edge Swimming Pool or working out at the world-class gymnasium, your life will never be boring.
Be spoiled for choice, when it comes to unwinding and relaxing in Orchard Amritaya‘s riverside flats in Kolkata. You get the best of a 2 BHK flat in Kolkata, Cossipore at Orchard Amritaya, a home to your soul.