CREDAI-MCHI Applauds Maharashtra Budget 2025-26 for Real Estate Sector Boost
CREDAI-MCHI, the leading organization representing the real estate sector in the Mumbai Metropolitan Region (MMR), has lauded the Maharashtra Budget 2025-26 for its numerous forward-looking measures aimed at revitalizing the real estate industry.
Real EstateBudget 202526CredaimchiMumbai Metropolitan RegionInfrastructureReal Estate MumbaiMar 14, 2025
The Maharashtra Budget 2025-26 has introduced a series of initiatives aimed at addressing the key challenges faced by the real estate sector. One of the most notable measures is the allocation of funds for the development of smart cities and the enhancement of public transportation networks. These infrastructure projects are expected to improve the quality of life for residents and attract more investments in the real estate market.
Additionally, the budget includes tax incentives for first-time homebuyers and developers. The reduction in stamp duty and registration charges will make home ownership more affordable for middle-income groups, thereby stimulating demand in the market. These tax benefits are likely to have a ripple effect, boosting the entire real estate value chain, from construction to allied services.
The budget also emphasizes the importance of digital transformation in the real estate sector. The introduction of a digital platform for property registration and land records will streamline processes and reduce bureaucratic delays. This move is expected to enhance transparency and trust in the market, making it more attractive for both domestic and international investors.
CREDAI-MCHI has highlighted the budget's focus on environmental sustainability as a significant positive. The allocation of funds for green building certifications and the promotion of energy-efficient technologies will not only contribute to a more sustainable future but also align with the global trends in real estate development. This focus on sustainability is likely to appeal to a growing number of eco-conscious consumers and investors.
Moreover, the budget addresses the issue of affordable housing, a critical concern in the MMR. The provision of financial assistance and subsidies for low-income housing projects will help bridge the gap in affordable housing and provide a much-needed boost to the social infrastructure of the region. This initiative is expected to improve the overall socio-economic conditions of the population and create a more inclusive real estate market.
In a statement, the President of CREDAI-MCHI, Mr. Rajan Jayventory, said, 'We are highly appreciative of the Maharashtra Government's visionary approach towards the real estate sector. The budget's emphasis on infrastructure, tax benefits, digital transformation, and sustainability will undoubtedly drive growth and attract significant investments. We are optimistic that these measures will pave the way for a robust and resilient real estate market in the MMR.'
The implementation of these measures will require close collaboration between the government, industry stakeholders, and regulatory bodies. CREDAI-MCHI has expressed its willingness to work alongside the government to ensure the successful execution of the budget's initiatives. The organization is confident that the Maharashtra Budget 2025-26 will serve as a catalyst for the real estate sector, driving long-term growth and prosperity in the region.
Frequently Asked Questions
What is CREDAI-MCHI?
CREDAI-MCHI is the apex body representing the real estate sector in the Mumbai Metropolitan Region (MMR). It works to promote the interests of real estate developers and stakeholders in the region.
What are the key initiatives in the Maharashtra Budget 2025-26 for the real estate sector?
The key initiatives include infrastructure development, tax benefits for homebuyers and developers, digital transformation, and a focus on environmental sustainability and affordable housing.
How will the reduction in stamp duty and registration charges benefit the real estate market?
The reduction in stamp duty and registration charges will make home ownership more affordable for middle-income groups, thereby stimulating demand and boosting the entire real estate value chain.
What is the significance of the digital platform for property registration and land records?
The digital platform for property registration and land records will streamline processes, reduce bureaucratic delays, and enhance transparency and trust in the real estate market.
How does the budget address the issue of affordable housing?
The budget includes financial assistance and subsidies for low-income housing projects, aiming to bridge the gap in affordable housing and improve the socio-economic conditions of the population.
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