Budget 2017 to augur well for real estate sector, buyers: Abhishek Goenka

Goenka, a partner PwC, also said that GST's impact on the sector would be positive overall

Further changes with regard to real estate investment trusts (REITs) and the deduction for interest on self-occupied property being increased up to Rs 5 lakh are expected by the real estate sector in Budget 2017, said Abhishek Goenka, partner (real estate), PwC.

Goenka was responding to questions during the Business Standard live chat on what the real estate sector should expect from the coming Budget. 

Further, the sector is also expecting a change in the tax deduction limit on housing loans. Goenka said that the sector expects that the limit of Rs 200,000 would be increased to Rs 500,000. This