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
Chakr Innovation Paves the Way for Cleaner Air in Real Estate and Infrastructure
Chakr Innovation showcases its advanced emission control technology at the CII Real Estate & Infrastructure Conclave 2024 in Pune
Hyderabad's Real Estate Projects Face Scrutiny for Lake Encroachment
High-profile real estate projects in Hyderabad are under scrutiny following a fresh report from the Deputy Chief Minister. This new development is set to impact the real estate market in the city, raising concerns over environmental and regulatory issues.
MahaREAT Orders Builder to Refund Full Amount with Interest from Payment Date
The Maharashtra Real Estate Appellate Tribunal (MahaREAT) has overruled a decision by the Maharashtra Real Estate Regulatory Authority (MahaRERA) and ordered Darode Jog Homes Pvt. Ltd. to refund the full amount paid by a homebuyer, including interest from
Info-x Software Secures Luxury Penthouse in The Camellias, Gurugram for INR 190 Crore
Property values in Gurugram and Delhi's Lutyens Zone are now matching those of Mumbai's elite neighborhoods. Info-x Software's latest acquisition underscores the growing real estate market in these areas.
Birla Estates Secures 71-Acre Land in Boisar for Rs 104.3 Crore
Birla Estates, a notable subsidiary of Aditya Birla Real Estate, has made a significant acquisition by purchasing 70.92 acres of land in Boisar, Maharashtra, for Rs 104.3 crore. This strategic move is expected to bolster the company's real estate portfoli
Top Investment Themes for 2025: A Comprehensive Guide
Explore the most promising investment themes for 2025, covering sectors like real estate, stocks, and more. Stay ahead of the market trends and make informed decisions.