The government's plan to cut income tax rates in the Union Budget 2025-26 has been widely welcomed by real estate firms, investors, and experts. This move is expected to boost disposable income and spur investments in the residential housing market, parti
Real EstateTax ReliefAffordable HousingReitsMiddle ClassReal Estate MumbaiFeb 02, 2025
The main benefit is the potential boost in disposable income for the middle class, which is expected to increase demand for residential housing and other real estate investments.
The Nifty realty index rose 3.3% on the day of the announcement, marking its best performance in nearly eight months.
Prominent real estate companies such as Prestige Estates, DLF, and Sobha saw gains between 2% and 6%.
This provision minimizes tax pressures, promotes homeownership, and facilitates real estate investment, especially in second homes and Tier 2 and 3 cities.
Experts like Anuj Puri and Badal Yagnik believe that these measures will strengthen demand for affordable housing, boost disposable income, and spur consumption levels and real estate investments.
Birla Estates, a subsidiary of Century Textiles and Industries, has acquired a 5-acre land in Sector 71, Gurugram, with a development potential of 10 lakh sq ft and expected revenue of over Rs 1,400 crore.
Arkade Developers, a prominent name in the real estate sector, is set to make a significant investment of Rs 570 crore in a new luxury housing project in Mumbai. This move is expected to bolster the luxury housing market and bring in much-needed developme
The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) is set to enhance its fleet with 400 new CNG buses, replacing 327 old buses by 2025. This major initiative aims to improve public transportation and reduce environmental pollution in the city.
Housing prices in India’s top eight cities—Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, MMR, and Pune—rose by 10% year-on-year in Q4 2024, according to a comprehensive report by CREDAI, Colliers, and Liases Foras. The report highlights th
Rexas Finance (RXS) is transforming real-world asset management through tokenization, allowing users to tokenize valuable assets such as real estate, art, and more. This innovative approach is poised to revolutionize the way we think about asset ownership
The Maharashtra Budget 2023 has maintained the Ladki Bahin Yojana, a significant initiative aimed at empowering girls and women, but without any increase in the payout. Meanwhile, the real estate sector faces increased taxation, with the stamp duty on sup