Realty stocks saw a significant boost following the government’s proposal to provide tax relief for individuals who bought houses before July 23, 2024. Godrej Properties rose 4.12%, Macrotech Developers increased by 4%, DLF climbed 3.88%, Oberoi Realty jumped 3.79%, and Mahindra Lifespace Developers advanced 1.82% on the BSE. The BSE realty index was up 1.72% at 7,953.46. The Budget 2024-25 allows buyers to choose between lower LTCG tax rates with or without indexation benefits. This change addresses taxpayer concerns and is favorable for realty stocks.
