Sterling Developers' MD demands income tax relief for second home.

Sterling Developers' Chairman and MD -- Ramani Sastri, in budget expectations, has said that there is a need for income tax relief on a second home and some reduction in long-term capital gains, besides making a case for interest subsidy to first-time homebuyers. He stated 'There is a specific need for income tax relief on a second home and positive measures with regard to long-term capital gains, which will benefit home buyers in a big way and also stimulate the real estate sector'. [Extracted from the article]