CREDAI-MCHI Lauds Maharashtra Budget 2025-26 for Real Estate Sector Growth
The Confederation of Real Estate Developers' Associations of India – Maharashtra Chapter (CREDAI-MCHI) has expressed its satisfaction with the Maharashtra Budget 2025-26, which is expected to provide a significant boost to the real estate and housing sect
Real EstateMaharashtra BudgetInfrastructureAffordable HousingSustainable ConstructionReal Estate NewsMar 14, 2025
The budget allocates significant funds for infrastructure development, including roads, public transport, and utilities. This focus on infrastructure is crucial, as it enhances the overall livability and attractiveness of urban areas, thereby driving demand for residential and commercial properties. Additionally, the budget emphasizes affordable housing, a critical need in a state with a large population and growing urbanization.
One of the key highlights of the budget is the introduction of a new policy aimed at reducing the cost of construction. This policy includes tax breaks and subsidies for developers who adopt green building practices and use sustainable materials. By incentivizing sustainable construction, the government aims to create a more environmentally friendly and cost-effective housing market.
The budget also includes provisions for enhancing the ease of doing business in the real estate sector. This includes streamlining the approval processes for new projects and reducing the time and costs associated with obtaining building permits. These measures are expected to attract more investments into the sector, both from domestic and international investors.
Moreover, the budget focuses on the development of smart cities, which will not only improve the quality of life for residents but also create new opportunities for real estate developers. Smart cities are designed to be technologically advanced, sustainable, and efficient, making them highly attractive to both residents and businesses.
CREDAI-MCHI President, Mr. Ramesh V. Shah, stated, “The Maharashtra Budget 2025-26 is a progressive and forward-looking document that addresses the key challenges faced by the real estate sector. The emphasis on infrastructure, affordable housing, and sustainable construction will go a long way in creating a robust and vibrant real estate market.”
The budget also includes measures to address the issue of unsold inventory, which has been a concern for the real estate sector in recent years. By providing financial incentives to developers to reduce inventory and promoting the sale of existing units, the government aims to balance the supply and demand in the market.
In conclusion, the Maharashtra Budget 2025-26 is a well-rounded and comprehensive plan that is expected to drive growth and development in the real estate sector. With a focus on infrastructure, affordable housing, sustainable construction, and ease of doing business, the budget lays the foundation for a bright future for the real estate industry in Maharashtra.
Frequently Asked Questions
What is CREDAI-MCHI?
CREDAI-MCHI stands for the Confederation of Real Estate Developers' Associations of India – Maharashtra Chapter. It is a professional body representing real estate developers in the state of Maharashtra, India.
What are the key highlights of the Maharashtra Budget 2025-26 for the real estate sector?
The key highlights include significant funds for infrastructure development, emphasis on affordable housing, introduction of policies to reduce construction costs, and measures to enhance the ease of doing business in the real estate sector.
How does the budget address the issue of unsold inventory in the real estate market?
The budget provides financial incentives to developers to reduce unsold inventory and promotes the sale of existing units, aiming to balance the supply and demand in the market.
What is the focus on smart cities in the budget?
The budget focuses on developing smart cities, which are designed to be technologically advanced, sustainable, and efficient. This initiative aims to improve the quality of life for residents and create new opportunities for real estate developers.
What are the expected benefits of the new policy to reduce construction costs?
The new policy, which includes tax breaks and subsidies for developers who adopt green building practices and use sustainable materials, is expected to reduce the cost of construction, making housing more affordable and environmentally friendly.
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