Real Estate Sector Awaits Union Budget 2025-26 for Reforms to Boost Growth and Affordability
The real estate sector is hopeful about the Union Budget 2025-26, expecting reforms that will enhance homebuyers' affordability and ease liquidity constraints in the market.
Real EstateUnion BudgetAffordabilityLiquidity ConstraintsPolicy ReformsReal Estate NewsJan 10, 2025
Contributing nearly 8% to the nation’s GDP, real estate remains a key driver of employment generation and infrastructure development, making it an essential component of India’s long-term economic strategy.
In 2024, the sector demonstrated robust growth, with residential housing sales reaching record levels despite inflationary pressures and rising interest rates.
However, developers and experts believe that sustaining this momentum requires policy interventions focused on tax relief, access to funding, and streamlined approval processes to address ongoing challenges.
Frequently Asked Questions
What percentage of India’s GDP does the real estate sector contribute?
The real estate sector contributes nearly 8% to India’s GDP.
What are the key demands from the real estate sector for the Union Budget 2025-26?
Key demands include increasing the tax deduction limit on home loan interest under Section 24(b) of the Income Tax Act from Rs 2 lakhs to Rs 5 lakhs and reviving the Credit Linked Subsidy Scheme (CLSS) to support first-time homebuyers.
Why is the real estate sector important for India’s long-term economic strategy?
The real estate sector is a key driver of employment generation and infrastructure development, making it an essential component of India’s long-term economic strategy.
How can technological advancements benefit the real estate sector?
Technological advancements like blockchain for transparent transactions, AI-driven market analytics, and sustainable building technologies can drive a digital revolution in the real estate industry, unlocking new growth opportunities.
Who is Sandeep Agarwal and what is his role in the real estate sector?
Sandeep Agarwal is the Executive Director of Elan Group, a leading real estate developer in India. He is a prominent advocate for policy reforms and technological advancements in the sector.
Related News Articles
Reinvigorating Indian Economy: Budget Expectations for Real Estate, Coworking, and Managed Office Spaces
As the Indian economy navigates a period of sluggish growth, the upcoming budget presents a crucial opportunity to revive the real estate and coworking sectors.
Why DLF is a Promising Bet in India's Booming Real Estate Market
As the S&P BSE Realty index surges 90% in a year, DLF's recent breakout makes it an attractive buy for investors
Minor-On-Minor Crime Rocks Pune Housing Society: A 5-Year-Old's Ordeal
In a shocking incident, a 5-year-old child from a housing society in Pune has alleged sexual assault by minors from the same society, leaving the community reeling.
CBI Launches Inquiry Against Real Estate Company in Multi-Crore Bank Fraud
The Central Bureau of Investigation (CBI) has initiated an investigation into a Pune-based real estate firm for a multi-crore bank fraud involving the misappropriation of funds and alleged misconduct by a bank official.
Pune: Vehicle Owners Resist Applying for HSRP Due to High Costs and Technical Issues
Pune vehicle owners are expressing their frustration with the implementation of the High Security Registration Plate (HSRP) system. High costs and frequent technical glitches are the primary reasons for their resistance. The Transport Commissioner's offic
17% Rise in Property Prices in Hyderabad from Sept to Dec 2024
Hyderabad's commercial real estate market continues to witness robust growth, with property prices surging by 17% during the September to December quarter of 2024.