Budget: These tax changes discourage investments in multiple properties

Yet it encourages first-time home buyers to buy rather than live on rent

The headline might be an attempt to grab attention. But once the Union Budget 2017-18 proposals come into effect, a lot of people might be worried. The Budget has made several clever changes in the tax laws that will discourage investments in multiple properties, yet encourage first-time home buyers to buy rather than live on rent.
 
Currently, four factors drive investments in multiple real estate properties. First, real estate is the only asset class left that still easily allows laundering of large unaccounted “black” income. Two, most investors have the ability to take loans for buying a residential property.