In a major move to provide relief to the real estate sector, the government has amended the long-term capital gains (LTCG) tax rules. This new amendment allows taxpayers to choose between two taxation schemes for properties acquired before July 23, 2024.
Key Highlights
- Lower Rate Option: Taxpayers can opt for a 12.5% tax rate without indexation.
- Higher Rate with Indexation: Alternatively, they can choose a 20% tax rate with indexation.
Impact on Realty Stocks
Following the announcement, several real estate stocks saw significant gains.
- DLF: Up by 2.72%, now at ₹843.00
- Oberoi Realty: Increased by 2.28%, now at ₹1,755.20
- Sobha Ltd: Rose by 1.41%, now at ₹1,774.30
- Godrej Properties: Up by 1.86%, now at ₹2,981.10
| Stock | Percentage Increase | Current Price (₹) |
|---|---|---|
| DLF | 2.72% | 843.00 |
| Oberoi Realty | 2.28% | 1,755.20 |
| Sobha Ltd | 1.41% | 1,774.30 |
| Godrej Properties | 1.86% | 2,981.10 |
