Extension of tax holiday on investment in affordable housing until March 2022 to boost realty sector: Hardeep Singh Puri
A portal launch for migrant workers has also been proposed under Budget 2021 which will collect relevant information on gig, building and construction workers.
Union Minister of Civil Aviation Hardeep Singh Puri
The proposal to continue with the tax holiday on investment in affordable housing in Budget 2021, interest deduction of an additional Rs 1.5 lakh to promote housing until March 2022 and the tax exemption for affordable rental housing complexes will boost the real estate sector, Housing and Urban Affairs Minister Hardeep Singh Puri has said.
Housing And Urban Affairs Ministry Allocated Rs 54,581 Crore In Budget. (Representational)
New Delhi:
The Union Housing and Urban Affairs Ministry was allocated Rs 54,581 crore for the next fiscal, according to the Union Budget for 2021-22 announced on Monday.
The Swachh Bharat Mission-Urban, a flagship programme of the Modi government, has been given Rs 2,300 crore in the 2021-22 Union Budget that was presented by Finance Minister Nirmala Sitharaman in Parliament on Monday.
The government has allocated 23,500 crore for the projects related to Mass Rapid Transit System (MRTS) and Metro services in the country.
The Smart Cities Mission, another flagship programme of this government, has been given Rs 6,450 crore as against Rs 3,400 crore in the 2020-21 revised estimates.
Union Budget 2021 | Affordable, rental housing push likely to boost residential demand during COVID-19 pandemic
Infrastructure initiatives include MetroLite and MetroNeo to be launched for Tier-2 cities and peripheral areas of Tier-1 cities
Affordable and rental housing got a major push in Budget 2021 with the government extending the period for extra deduction of Rs 1.5 lakh available for loans up to March 31, 2022, a move expected to boost housing demand amid the ongoing COVID-19 pandemic.
Amid the prolonged pandemic scenario, this extension was needed to support the latent housing demand in the country, experts said.
Infrastructure projects, especially Metro, also received a shot in the arm. This, said real estate experts, will act as a strong catalyst in driving real estate in urban areas.
Union Budget: Housing and Urban Affairs Ministry allocated ₹54,581 crore
The National Capital Region Transport Corporation has been allocated ₹4,472 crore as against 2,487 crore in the revised 2020-21 estimates.
(Ramesh Pathania/Mint)
. Updated: 01 Feb 2021, 05:49 PM IST PTI
The Smart Cities Mission, another flagship programme of this government, has been given ₹6,450 crore as against ₹3,400 crore in the 2020-21 revised estimates
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New Delhi: The Union Housing and Urban Affairs Ministry was allocated ₹54,581 crore for the next fiscal, according to the Union Budget for 2021-22 announced on Monday.
The Swachh Bharat Mission-Urban, a flagship programme of the Modi government, has been given ₹2,300 crore in the 2021-22 Union Budget that was presented by Finance Minister Nirmala Sitharaman in Parliament on Monday.
The Union Housing and Urban Affairs Ministry was allocated Rs 54,581 crore for the next fiscal, according to the Union Budget for 2021-22 announced on Monday. The Swachh Bharat Mission-Urban, a flagship programme of the Modi government, has been given Rs 2,300 crore in the 2021-22 Union Budget that was presented by Finance Minister Nirmala Sitharaman in Parliament on Monday. The government has allocated 23,500 crore for the projects related to Mass Rapid Transit System (MRTS) and Metro services in the country. The Smart Cities Mission, another flagship programme of this government, has been given Rs 6,450 crore as against Rs 3,400 crore in the 2020-21 revised estimates.