00:00there's an option to choose between the old rate structure and the new rate structure which is
00:06without indexation and which in with indexation is a significant development. Why it is significant?
00:14Because on the face of it, it may be termed good or bad but really depends on different scenarios
00:22that different taxpayers may have, particularly in scenarios where the property price growth has
00:28been very close to the inflation rate. It would mean that the old rate structure which was with
00:36indexation would turn out to be beneficial for such investors whereas in cases where the property
00:44price growth, particularly in short-term periods has been high, will be beneficial when the new
00:52rate structure is adopted by the investors. But largely based on our analysis post the budget
01:00announcement that came about two weeks ago, we concluded that largely for two-thirds of the
01:07consumers, it is going to be a disadvantageous proposition in context of the rollover of
01:15the indexation benefit and therefore certainly the option to allow at least the past set of
01:21consumers provides them flexibility to choose the new regime versus old.
