There are two proposals regarding property in Budget 2012-13. One is very good news and I think this will bring boom in property and related businesses. There is a proposal that government will give loans at very low rate for construction of houses. The interest rate will be 7.5%.
The other news is regarding CGT (capital gain tax) on sale purchase business of property. This will impact negatively at least for few months. Mostly people do business on open files and do not mention exact sale price so there will be no major impact for property in long term.