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.
Godrej Properties Ltd., a leading real estate developer in India, launched the Pune Chapter for the Collective of Real Estate Women (C.R.E.W) to empower women professionals in the real estate sector.
High real estate costs in Mumbai are hindering the growth of startups, says Milind Deora, a member of the Indian National Congress.
Sonakshi Sinha is selling her first home in Mumbai, a property with sentimental value, to move into a larger space developed by her husband Zaheer Iqbal.
Leading real estate developers are adopting innovative practices and technologies to reduce their environmental footprint and create sustainable spaces.
The group has appointed real estate consultant CBRE to help in land identification process. The move is part of the resolution plan to settle dues of lenders.
The Ladki Bahin scheme, a flagship initiative by the Maharashtra government, has been a significant factor in the BJP's electoral success. Targeting women between the ages of 21 to 65 with an annual family income below Rs 5,000, the scheme has garnered wi