FREE Report: Should I Buy Or Rent A Home?

  • Get India Real Estate Insights & Reports
  • Get Anuj Puri's Newsletter
Download now!

100% Privacy. We will never spam you.

50% Complete

FREE Report: Should I Buy Or Rent A Home?

The answer might surprise you.

100% Privacy. We will never spam you.

FM Slashes Corporate Tax to Boost Sentiment

Anuj Puri, Chairman – ANAROCK Property Consultants

In another positive and a bold step to help revive the economy from its slumber, the FM has slashed the corporate tax rates to 25.75% from earlier 30%.

This big-bang move will have a rippling impact on all sectors including real estate as it will encourage foreign institutional investors to invest in the country.

In terms of taxation, India will now be at par with many of its Asian peers and hence a major draw for foreign investors who shied away from entering India due to high taxes.

The Indian stock exchange was quick to welcome the move and went on a surge within just an hour. The Sensex saw a gain of more than 1,800 points while Nifty jumped over 500 points.

This is the highest intraday gain in a decade, giving investors a gain of INR 5,00,000 crore. This itself reflects that sentiments have gone highly positive.

The chain of announcements made by the Finance Minister in recent past weeks in addressing the growing concerns of various sectors of the economy will go a long way in not just bolstering all-round sentiments but also see its positive ripple impact across all sectors including the real estate.

As and when the overall financial health of the economy improves with these slew of measures, there will be heightened activity within real estate – by both actual home buyers and investors alike.

Digiprove sealCopyright protected by Digiprove © 2019 Anuj Puri

FREE Report: Should I Buy Or Rent A Home?

The answer might surprise you

100% Privacy. We will never spam you.

Leave a Reply

Your email address will not be published. Required fields are marked *

All original content on these pages is fingerprinted and certified by Digiprove