jaipur presenting the interim budget finance minister piyush goyal on thursday tried to lend an impetus to the real estate sector that has been under the weather since the implementation demonetization gst and rera realtors and industry experts in rajasthan said that the proposals if implemented will provide some triggers to spur demand that had actually shrunk in rajasthan much before the new policy measures came into forceanand mishra vicechairman of ciirajasthan said that the capital gains tax benefit for the second residential house will generate additional demand which will be the key to revive the sector in the state announcing the relief goyal said the benefit of rollover of capital gains under section 54 of the it act will be increased from investment in one residential house to two residential houses for a tax payer having capital gains up to r 2 crore this benefit can be availed once in a life timebuilders will also breathe a sigh of relief as they will not be required to pay tax on the notional rent of the unsold inventory till two years earlier the relief was allowed up to one yearn k gupta chairman of a leading real estate group in the pink city said though there is no accurate data available on the unsold inventory rough estimates suggest it to be around 30 of the projectscertainly it will lessen the burden on the builders but the growth of the industry will depend new demand at present it is a market for end users real estate sector is no more seen as a vehicle for investment if prices appreciate and returns improve even investors will come to market said guptaover the last couple of years the growth of affordable housing segment has been a saving grace because of tax incentives these projects enjoying it exemptions under section 80iba was to end by march 2019 but goyal announced that the exemption will be exempted by another year till march 31 2020this will provide a major boost to the affordable housing segment currently these projects attract no tax except the mat which is offset against other tax liabilities said hitesh dhanuka joint secretary of credai rajasthanbesides the finance minister also proposed to increase the tds threshold for deduction of tax on rent from rs 180000 to rs 240000 for providing relief to small taxpayers