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The Budget brings some cheer to individuals who own immovable property and wish to monetise the value of the property. In metros it is a common practice for property owners to enter into joint development agreement with developers for redevelopment of their property for monetary and non-monetary considerations.

 

Shailesh Kumar, Director- Direct Taxation contributed an article on How the budget impacts developers and home buyers for Financial Express.

 

Attached is link to the article

http://www.financialexpress.com/money/union-budget-2017-5-ways-in-which-budget-impacted-home-buyers-and-developers/551549/