As the country gears up for the Union Budget 2025, the real estate sector is eager for significant reforms and incentives from Finance Minister Nirmala Sitharaman.
Union Budget 2025Real EstateTax IncentivesInfrastructureRegulatory ReformsReal EstateJan 07, 2025
The Union Budget 2025 is scheduled to be presented by Finance Minister Nirmala Sitharaman on Saturday, February 1, 2025.
The key expectations from the real estate sector include tax incentives for homebuyers, ease of doing business, investment in infrastructure, GST reforms, and support for distressed projects.
Tax incentives for homebuyers, particularly in the affordable housing segment, can make home ownership more affordable, thereby increasing demand and boosting the real estate market.
Pre-budget consultations provide a platform for the government to understand the specific challenges and requirements of different industries, which helps in formulating effective budget proposals.
Reducing the GST rate on construction materials and services can significantly lower the overall cost of development, making projects more viable and affordable.
Mumbai's real estate market sees a staggering purchase of ₹170 crore by 360 ONE's founder-CEO Karan Bhagat in Worli.
Experience unparalleled luxury with Birla Estates' latest venture, a testament to their commitment to redefining the luxury real estate market in India.
The average rental hike was at 2-4% in Q2 2024 compared to 4-9% in Q1 2024; Bengaluru's Whitefield and Noida's Sector 150 saw the highest rental growth at 4%
The luxury real estate market in India is witnessing robust growth, particularly in metropolitan areas such as Delhi-NCR, Mumbai, and Hyderabad. High-net-worth individuals (HNIs) are driving this surge, showing a strong preference for high-end homes with
Mumbai-based fractional ownership platform hBits has announced a new Grade A commercial asset in the Mumbai Metropolitan Region (MMR), reinforcing its commitment to high-quality real estate investments.
Mumbai-based real estate developer Sunteck Realty has reported a 40% increase in its sale bookings, reaching Rs 635 crore in the third quarter of FY25. This significant growth is driven by robust housing demand in the market.