Finance Minister Arun Jaitley presented India's fourth budget in 2018. For the real estate sector, he announced the establishment of an Affordable Housing Fund, amendments to transfer equity in the National Housing Bank to the government, and measures to develop REITs and InvITs to monetize assets. The budget also proposed no tax adjustment for real estate transactions where the circle rate value differs from the transaction value by less than 5%.

1. “Finance Minister Arun Jaitley on Thursday presented his fourth budget. Here is
what the finance minister announced in Budget 2018 for Real Estate Sector”

2. Affordable
Housing Fund
Government will
establish a dedicated
Affordable Housing
Fund (AHF) in National
Housing Bank, funded
from priority sector
lending shortfall and
fully serviced bonds
authorized by the
Government of India.
www.clicbrics.com

3. National Housing
Bank
National Housing Bank Act
is being amended to
transfer its equity from the
Reserve Bank of India to
the Government. Indian
Post Offices Act, Provident
Fund Act and National
Saving Certificate Act are
being amalgamated and
certain additional people
friendly measures are
being introduced.
www.clicbrics.com

4. REITs
The Government and
market regulators have
taken necessary measures
for development of
monetizing vehicles like
Infrastructure Investment
Trust (InvIT) and Real
Investment Trust (ReITs) in
India. The Government
would initiate monetizing
select CPSE assets using
InvITs from next year.
www.clicbrics.com

5. Circle Rates
In order to minimize hardship in real
estate transaction, Jaitley proposed
that no adjustment shall be made in a
case where the circle rate value does
not exceed 5% of the consideration.
this variation can occur in respect of
different properties in the same area
because of a variety of factors
including shape of the plot and
location.

6. Smart Cities
99 Cities have been selected
with an outlay of Rs 2.04 lakh
crore. These cities have started
implementing various projects
like Smart Command and
Control Centre, Smart Roads,
Solar Rooftops, Intelligent
Transport Systems, Smart Parks.
To preserve and revitalize soul
of the heritage cities in India,
National Heritage City
Development and Augmentation
Yojana (HRIDAY) has been
taken up in a major way.
www.clicbrics.com

7. Let's Find The
House Of Your
Dreams
Call : 8010820000
Visit : www.clicbrics.com