Impact Of Budget 2021 On Your Home Buying Goals

Buying your first home or even second, third or fourth? Well, the feeling is always special. Buyers often look for a perfect amalgamation of luxury amenities and budget. At Xrbia, we are on a mission to build world-class cities that meet the demands of the modern consumer. While selling a home, the yearly budget is always an essential factor that we closely evaluate to help our consumers in a hassle-free and profitable home buying process. Here’s a quick overview of the Union Budget 2021. We have decoded the budget and benefits to expect if you are planning to buy a home in the budget year 2021-2022. Let’s check it out.


Buying your own house is more feasible now!

If you are a first-time home buyer and fall under a low or middle-income bracket, here’s a piece of good news for you. The government has extended the SOPs till 31st March 2022. An eligible buyer can enjoy the interest deduction benefits on availing of home loans. This is a very helpful scheme and benefits a significant fraction of the Indian population. It is an excellent opportunity to seize and save more on your investment. The stamp duty has been reduced till March 2021. It means the stamp duty charges will be back to normal pre covid rates.


The budget of 2021 has brought some real benefits for home buyers looking for new homes. . The low or middle household income buyers can avail of an additional income-tax deduction of INR 1.5 Lakhs (depending on the fulfilment of terms & conditions). With the addition of this income tax benefit, home buyers can get a total tax deduction of INR. 3.5 Lakhs per annum for the year 2021-22. Now is the best time to increase your savings and invest in budget homes. You are likely to enjoy these benefits while buying 1 BHK Flats in Pune.


Government has also extended the tax holiday period of 1 year for such projects . This step will further increase the budget home supply, and prices are controlled with the increase in input costs which is always on the inflationary trend. With big savings on tax deduction and home prices at their bottom levels, this is a good time to invest in property. Most noteworthy, the budget 2021 is complementing the Housing For All by 2022 vision in many ways.


The new budget is in favour of Real Estate Developers as the Government has relaxed implications of Capital Gains Tax around the stamp duty value adoption. It means the capital gains tax will not imply if the sale value of a building or land is less than stamp duty value (applicable up to 20 per cent). However, there’s a lot more to it. Real Estate Developers for budget homes need to dive deeper into the revised budget criteria to offer the best real estate price for home buyers.

Well, the budget has brought lots of new avenues for the Real Estate Industry. The relaxation of taxes for home buyers and real estate developers is likely to uplift the market after the pandemic loss. People who paused their first home buying plans should consider resuming to the best properties available in the market. This year is a good time to invest due to the Budget 2021 benefits and a variety of real estate options available in the market. The prices in this segment are stable and worth considering.

Are you looking for your dream home in Talegaon (Pune)? Visit our flagship project ‘Xrbia Talegaon’. A home in Talegaon brings the best of both -nature and work opportunities. Enjoy lush green open spaces with parks, pools, recreation areas and more. Being one of the well-known Townships in Pune, Xrbia homes are designed by experts keeping all your living and luxury needs in mind. Hurry Up! Plan a visit to your dream home at Xrbia Talegaon soon!