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.
A combination of factors has led to a booming basement economy in the national capital, with basement offices, gyms, cloud kitchens, and libraries sprouting up across the city.
Nana Patole criticizes the decision, claiming it violates rules and favors those with political connections
K Raheja Corp, a prominent real estate developer, has made a significant move in the Mumbai property market by acquiring the Bayside Mall and the Popular Press Building in the Tardeo area for ₹355 crore. This strategic acquisition is expected to bolster t
Dubai, in the 21st century, stands as a testament to luxury and opulence. Mumbai-based real estate influencer Ravi Kewalramani, known for his extensive knowledge of premium properties, recently shared insights into the price of an apartment in the world's
A Bengaluru auditor purchased a flat for Rs 1.2 crore only to find out that the developers had sold the same property to another family. Five more buyers are in line for the same flat.
Godrej Properties has achieved a record-breaking sales figure of Rs 28,800 crore in 2024, outpacing other leading real estate companies in India. This significant achievement is driven by robust demand across major cities.