Union Budget 2025-26: Real Estate Sector Receives Mixed Reviews
The Union Budget 2025-26 has received mixed reactions from real estate experts. While some appreciate the focus on economic growth, others feel that the budget could have done more for the sector. Mr. Prashant Sharma, President, NAREDCO Maharashtra, provi
Union BudgetReal EstateNaredco MaharashtraEconomic GrowthInfrastructureReal Estate MaharashtraFeb 01, 2025
While some industry leaders have praised the government's efforts to stimulate economic growth and infrastructure development, others have expressed disappointment over the lack of direct measures to boost the real estate sector.
Mr.
Prashant Sharma, President of NAREDCO Maharashtra, a prominent real estate association, commented on the budget's implications.
He stated, 'The budget has certainly emphasized economic growth and infrastructure, which are crucial for the overall development of the country.
However, the real estate sector, particularly the residential and commercial segments, could have benefited from more targeted initiatives.'
The budget introduced a significant allocation for infrastructure projects, including roads, highways, and public transport systems.
This is expected to indirectly benefit the real estate market by improving connectivity and accessibility, which are key factors for property development.
Additionally, the government's focus on affordable housing and the Pradhan Mantri Awas Yojana (PMAY) continues to be a positive step.
However, many experts argue that the budget could have addressed some pressing issues in the real estate sector, such as the slowdown in sales, the high cost of financing, and the need for regulatory reforms.
Mr.
Ajay Rawat, CEO of a leading real estate firm, noted, 'While the emphasis on infrastructure is welcome, the budget could have included measures to reduce interest rates and simplify the approval processes for new projects.
These steps would have provided a much-needed boost to the sector.'
The industry is also looking for more clarity on the implementation of the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST).
Currently, there are concerns about the delayed implementation of RERA in some states and the high GST rates for real estate transactions, which can discourage potential buyers.
Mr.
Sharma further added, 'The government should consider revisiting the GST structure for the real estate sector to make it more buyer-friendly.
Lowering the GST rates could significantly boost demand and help the sector recover from the recent slowdown.'
Despite these criticisms, there are positive aspects of the budget that the real estate industry can benefit from.
The emphasis on digital infrastructure and the push for smart cities could open new opportunities for developers.
The government's commitment to improving the ease of doing business and promoting foreign direct investment (FDI) in the real estate sector is also a step in the right direction.
In conclusion, while the Union Budget 2025-26 has taken some steps to support the real estate sector, industry experts believe that more targeted measures are needed to address the specific challenges faced by the sector.
The government's future actions and the implementation of the announced policies will play a crucial role in determining the sector's performance in the coming years.
Frequently Asked Questions
What is the main focus of the Union Budget 2025-26?
The main focus of the Union Budget 2025-26 is on economic growth and infrastructure development, with significant allocations for roads, highways, and public transport systems.
What are the key concerns of real estate experts regarding the budget?
Real estate experts are concerned about the lack of direct measures to boost the sector, such as reducing interest rates, simplifying approval processes, and revisiting the GST structure.
How does the budget address the affordable housing sector?
The budget continues to focus on the Pradhan Mantri Awas Yojana (PMAY) and affordable housing, which are positive steps for the real estate market.
What are some positive aspects of the budget for the real estate sector?
The emphasis on digital infrastructure, smart cities, and improving the ease of doing business are positive aspects that can benefit the real estate sector.
What is NAREDCO Maharashtra's stance on the budget?
NAREDCO Maharashtra, led by President Mr. Prashant Sharma, appreciates the focus on economic growth and infrastructure but feels more targeted measures are needed for the real estate sector.
Related News Articles
TDP Raises Questions on Jagan's Involvement in Adani U.S. Indictment Case
The Telugu Desam Party (TDP) has raised concerns over the role of Y.S. Jagan Mohan Reddy, Chief Minister of Andhra Pradesh, in the recent U.S. indictment case against the Adani Group. The party demands a transparent and detailed explanation from the Chief
Akshay Kumar Sells Two Premium Mumbai Apartments for Over Rs 6 Crore, Bookmarks Substantial Profit
Renowned Bollywood actor Akshay Kumar has made a significant move in the real estate market by selling two luxurious apartments in Mumbai for a staggering Rs 6 crore. The transaction, which netted him a 90% profit, highlights the actor's savvy investment
PropiChain: The Next Big Thing in Real Estate and Cryptocurrency
The cryptocurrency market is gearing up for a major bull run in 2025, and while Dogecoin (DOGE) and XRP are showing signs of recovery, PropiChain (PCHAIN) is emerging as a strong contender. With predictions of a 1000x surge in value by Q2 2025, PropiChain
Bachchan Family Acquires Luxury Properties in Mumbai for a Whopping Rs 24.95 Crore
The iconic Bachchan family has made a significant real estate investment, purchasing properties worth Rs 24.95 crore in Mulund West, Mumbai. This move showcases their continued interest in luxury living and strategic investments.
Kajol Sells High-Value Mumbai Apartment for Rs 3.1 Crore: Inside the Property Deal
Bollywood actress Kajol has sold her apartment in the prestigious Powai area of Mumbai for Rs 3.1 crore. The property deal was registered on March 20, according to official documents. This latest transaction adds to Kajol’s growing portfolio in the real e
Oberoi Realty Q4 Profit Declines 45% Amid Lower Income
Mumbai-based Oberoi Realty, a prominent real estate developer, saw its Q4 profit drop by 45% due to a decrease in income. Despite this, the company's total income rose to Rs 5,474.17 crore from Rs 4,818.77 crore.