“The election year budget has brought some relief to the real estate sector and we can look forward to some better times considering that our sector is one of the biggest job providers. Real estate investments will receive an impetus due to the sops promised primarily in the form of tax relief particularly in affordable housing and in terms of the extension of notional rent exemption on unsold inventory. The Budget will also help home buyers as now the roll over capital gains has been raised from one house to house for an amount of Rs 2 crores and income tax on notional rent has been exempted for second occupied house. Rental exemption on TDS has been exempted up to Rs 2.4 lakh which is a welcome move.”