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
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.
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.
The budget continues to focus on the Pradhan Mantri Awas Yojana (PMAY) and affordable housing, which are positive steps for the real estate market.
The emphasis on digital infrastructure, smart cities, and improving the ease of doing business are positive aspects that can benefit the real estate sector.
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.
India's office space demand is expected to surge, driven by shifts in demand characteristics, with engineering & manufacturing and BFSI sectors leading the way. Average transaction sizes are likely to decline, with volumes expected to move upwards.
Report by Cushman & Wakefield highlights the growing demand for retail space in India, with a need for 55 million square feet of Grade-A mall space by 2027 to meet consumer demand.
Pramod Gubbi, a prominent figure at Marcellus, shares his insights on the real estate sector, predicting potential downside risks and limited value in the market. He also discusses sectors that are on his radar for the year 2025.
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
The real estate market in Bengaluru is expected to see a 5-7% increase in office rents by 2025, primarily driven by high demand from the IT sector and AI research labs.
India's real estate sector is witnessing a significant transformation with the rise of green-certified buildings, particularly in major cities like Bengaluru, Hyderabad, and Delhi NCR. These eco-friendly structures are not only reducing environmental impact but also enhancing the吸引力 of the office market.