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Speculation rife, realty sector could be accorded infrastructure status

International   |   Glibs Quick   |   Nov 01, 2019, 17:14 PM

Amid slowdown concerns in Indian economy and demand not picking up, there is speculation that real estate sector might be accorded status of infrastructure sector. It is widely known that construction anywhere and especially so in India is major employment provider and thus could help the economic boost besides tackling the issue of unemployment. The move would also help taxpayers avail tax benefits on purchase of home thereby leaving more money with the end consumer. It is to be seen now if the government finds the measure prudent enough.  
 

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