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It includes stamp duty rationalization, digitized land records, rental housing in industrial parks, industrial corridors, GIS mapping, plug-and-play parks, Viability Gap Funding, the Rs 11.11 lakh crore capex, and temple corridors infrastructure, significantly boosting the real estate sector.
The Modi government's Union Budget 2024 proposed reducing the LTCG tax on property to 12.5% and eliminating indexation for post-April 2001 purchases.
Industry groups are suggesting a gradual shift and options for higher tax rates with indexation.
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