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Tax changes to help Reit sector in India
Budget boost may spur US$20b of property development
Published Sun, Mar 1, 2015 · 09:50 PM
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Mumbai
INDIA announced tax code changes to help developers set up real estate investment trusts, measures that may help spur US$20 billion of property development.
Reits "have an important role to revive construction activity", Finance Minister Arun Jaitley told parliament on Saturday in New Delhi as he presented the federal budget for the year starting April 1. Mr J…
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