Annuj Goel, MD, Goel Ganga Developments
Real Estate

Annuj Goel, MD, Goel Ganga Developments

In the wake of rising construction costs, the government should consider a reduction in taxes on raw materials used in the real estate sector because these are the essential building blocks of the realty domain. Also, the real estate sector expects the government to reduce stamp duty and GST as well.

Further, we expect an increase in deduction limit under Section 80C of the Income Tax Act in the interest of homebuyers. Also, tax benefit should be given on the interest component of the home loan paid on under-construction properties. As of now, this holds valid only for ready-to-move-in properties.

In addition to all these expectations, we want the government to come up with more policies for the real estate sector as this government has a huge focus on making India a self-reliant nation with its Atmanirbhar Bharat and Vocal For Local campaigns.

In the wake of rising construction costs, the government should consider a reduction in taxes on raw materials used in the real estate sector because these are the essential building blocks of the realty domain. Also, the real estate sector expects the government to reduce stamp duty and GST as well. Further, we expect an increase in deduction limit under Section 80C of the Income Tax Act in the interest of homebuyers. Also, tax benefit should be given on the interest component of the home loan paid on under-construction properties. As of now, this holds valid only for ready-to-move-in properties. In addition to all these expectations, we want the government to come up with more policies for the real estate sector as this government has a huge focus on making India a self-reliant nation with its Atmanirbhar Bharat and Vocal For Local campaigns.

Next Story
Resources

Skyview by Empyrean to Develop Dehradun-Mussoorie Ropeway

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Resources

Akshay Kumar Sells Office in Mumbai for Rs 80 Million: Square Yards

Bollywood star Akshay Kumar has sold his office space in Lower Parel, Mumbai, for Rs 80 million, according to property registration documents reviewed by Square Yards on the website of Inspector General of Registration (IGR). The transaction was registered in April 2025.Lower Parel, one of Mumbai’s prime residential and commercial hubs, offers premium living spaces with seamless connectivity to business districts such as Bandra-Kurla Complex (BKC) and Nariman Point. Bollywood stars like Abhishek Bachchan, Shahid Kapoor, Amish Tripathi and Manoj Bajpayee, also own properties in Lower Parel, a..

Next Story
Infrastructure Transport

Aviation Minister Unveils Air India Gurugram Safety Promotion Centre

Union Civil Aviation Minister Shri Ram Mohan Naidu visited Air India’s headquarters and training facilities in Gurugram, reaffirming the government’s focus on enhancing safety, training, and operational excellence in Indian aviation.During his visit, the Minister toured the Air India Experience Centre, highlighting the airline’s 92-year journey and its transformation under Vihaan.AI. He also reviewed critical infrastructure such as the Emergency Control Centre (ECC) and the Integrated Operations Control Centre (IOCC)—key hubs for ensuring operational resilience and punctuality.At the A..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?