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Tax changes to help Reit sector in India

Budget boost may spur US$20b of property development

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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.

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

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