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Hiranandani: SWAMIH Fund 2.0, higher TDS to boost real estate
The Business Guardian
|February 03, 2025
The proposed hike in TDS (Tax Deducted at Source) on rentals up to Rs 6 lakh, as promised in the Union Budget 2025, aims to bolster rental investments, said Niranjan Hiranandani, Chairman of National Real Estate Development Council (NAREDCO) and the Hiranandani Group.
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The NAREDCO chairman on Saturday stated that the Union budget presented by Finance Minister Nirmala Sitharaman in Parliament today, has been hailed as a transformative step for India's real estate and infrastructure sectors.
"Moreover, the introduction of SWAMIH Fund 2.0 seeks to alleviate the burden on constrained homebuyers by delivering stalled projects, while the hike in TDS on rentals up to Rs 6 lakh promises to bolster rental investments," he said.
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