NAREDCO Calls for Major Real Estate Reforms Ahead of Union Budget
The National Real Estate Development Council (NAREDCO) has put forth several recommendations for the real estate sector ahead of the Union Budget for FY 2024-2025. These recommendations aim to address existing challenges and stimulate growth in the real estate sector, ultimately contributing to the government’s goal of ‘Housing for All’. Currently, the annual value of property held as stock-in-trade and not let out is considered ‘Nil’ for up to two years from the end of the financial year in which the construction completion certificate is obtained.
