The real estate sector is looking forward to Budget 2025 with great anticipation, hoping for transformative reforms that align with the government’s vision of economic growth and Housing for All. With rising urbanization and an increased demand for housing across various segments, stakeholders are calling for policies that enhance affordability, streamline regulations, and promote sustainability. Tax incentives for homebuyers, relief for Real Estate Investment Trusts (REITs), and granting the sector "industry status" are some of the key expectations voiced by experts.
Industry leaders suggest measures like increasing the affordable housing price threshold, raising the tax deduction limit for home loan interest, and optimizing GST rates. These reforms could address rising construction costs, make housing more accessible, and attract new investments. Experts also highlight the need for green building practices and advanced infrastructure to create a sustainable growth trajectory for the sector.
Luxury housing is another area where targeted incentives could unlock growth potential. Strategies like lower home loan interest rates, tax benefits for loan repayments, and expedited approvals for large-scale developments are expected to rejuvenate the market. Expanding urban infrastructure and promoting sustainable practices in Tier 2 and Tier 3 cities are seen as critical steps toward balanced development.
The sector also seeks relief through tax exemption adjustments and the introduction of the GST input tax credit. Developers face significant tax burdens, and easing these could encourage the availability of affordable housing options. Leaders emphasize that addressing these long-standing demands in Budget 2025 could significantly enhance housing accessibility and affordability, ensuring the real estate sector contributes robustly to India’s economic growth. With focused fiscal measures and strategic infrastructure investments, Budget 2025 can serve as a pivotal moment for unlocking the full potential of the real estate industry.
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