MUMBAI, 18 NOVEMBER, 2020 (GPN): “Finance Minister Nirmala Sitharaman’s stimulus measures in terms of income tax relief for buyers and developers is very timely and will further boost the housing demand in the country. The income tax relief of up to 20 per cent for homes costing up to ₹ 2 crore available till June 30, 2021 will bring in much needed fresh buying in the sector. This move to incentivize buyers will ensure the first-time home buyers and fence sitters to also enter the market resulting into good sales in next few quarters. The additional outlay under PMAY will help the completion of stuck projects, create new jobs, and boost demand for raw materials.”ENDS

About Nahar group:

Founded in 1973, Nahar Group, headquartered in Mumbai has a heritage of 45+ years. Been the recipient of several recognitions for design and quality, the group has created defining landmarks that have set new standards in real estate development for close to half a century. From building Mumbai’s one amongst the largest townships to introducing the concept of affordable luxury to being among the earliest adopters of eco-friendly construction methodologies, today, Nahar’s projects are ever growing vibrant life spaces for thousands of satisfied families. Built on the strong values of quality, design, ethics, caution, respect, and transparency, the company’s projects have redefined the skylines which they proudly adorn.