Capital Gain Tax on Property After Modi 3.0’s Budget

Over the last few years, particularly after the COVID-19 pandemic, the real estate or property market in India has been booming.

Some of the key reasons for this are the rise in income, growing middle class, urbanisation, growing demand for homeownership -- some even considering it as an investment option, changing lifestyle preferences, increased private investment into the sector, the government’s focus on infrastructure as well as the reforms and regulations, such as the RERA.

As a result, the Indian real estate market particularly has reached an unprecedented peak in home sales. In some cities and pockets therein, owners and investors have benefited from decent capital appreciation or gains.

Speaking of capital gains from real estate property, in the full budget 2024-25 of the Modi 3.0 government has made key changes in the capital gain tax on property that will impact you. Watch this video.