Tactic
The new Govt draft Tax code takes away all incentives for house building.
In that it shooe's away speculators.
It provides for more money in hands of all people rather than home owners
If u c the tax structure, all the sub 10 lk category are paying just 10% so now the affordable house becomes more affordable. It gives abt 8-10 k additional income for 10 lk income in hands of a person.
So bldrs have to now structure their house for this category. Even the priority loans for banks are falling onto this bracket. so Govt is indirectly pushing for this sector.
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