We thank our Hon. Finance Minister Mr. Arun Jaitley and Hon. Prime Minister Mr. Narendra Modi for a fabulous budget favoring the Housing and Real Estate Sectors.
With this, we will realize our Prime Minister’s dream project of the “Housing for All” by 2022. Arihant Superstructures Limited which has a dominant presence in Mumbai MMR, Navi Mumbai and Jodhpur is constructing affordable housing projects consisting of more than 5000 units at these location, pledges to be a responsible partner in this journey towards “Housing for All”
Honourable Finance Minister’s announcement of reducing the Long Term Capital Gains holding period from 3 years to 2 years along with shifting the base year to 2001 is a positive step which would encourage investors to return to the Real Estate asset class.
The removal of 25 km limit from Metro Cities and considering carpet area of 60 sq mtrs for the income tax exemption on the project as well as a 5% corporate tax rebate on companies with revenue below Rs. 50 Crore will provide welcome relief to the sector which has seen rough weather in recent times. Infrastructure status to “Affordable Housing” is another big fillip to this sector.
We, at Arihant, pledge to pass on and share this benefit with our customers by reducing the prices of our projects to enable end user to buy a home of their choice. Which will be witnessed at launching our Project Arihant Anaika on 10th February at “never before prices” as a tribute to this budget