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.
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