There are some expectations from industry leaders before 2025 Union Budget:
Tax relief for homebuair
The President of Sterling Developers and MD Ramani Sustained emphasized the importance of increasing tax relief measures for homebukers.
“An important hope is that the tax deduction limit for home loan interest is increased from ₹ 2 lakh to ₹ 5 lakh. This adjustment will reduce the financial burden on buyers and promote strength,” Shastri said.
In addition, the sector asks for an extension in the definition of affordable housing, which will allow more and more people to benefit from government schemes and promote demand.
Vivek Singhal, CEO of Smartworld Developers, said, “Under Section 24 (B), the tax deduction limit for housing loan interest increases to 5 lakhs, which will align with the growing aspirations of homebukers while addressing the market conditions. . “
Demand for infrastructure development and housing
The real estate sector continues to call for more investment in the development of infrastructure.
According to Sher Singh Rathore, the founder of Brick-X Infra, “A continuous focus on infrastructure will increase the demand for housing in India, especially in Tier 2 and Tier 3 cities. Such investment not only demands housing demand Stimulates, but also create many job opportunities.
Green Building and Sustainable Development Inscents
With increasing emphasis on environmentally friendly construction, the region is expected to encourage the incentive to adopt durable building practices by targeting the developers.
Manik Malik, CFO, BPTP, highlighted, “Encouraging green building practices through tax break will support developers who aim to include energy-skilled designs and materials in their projects. It is important to ensure stability. “
Affordable housing and policy adjustment
Ruthu Nagaraju, CEO, Experiment Developers, suggested modifying the current pricing cap for affordable housing.
“Affordable Housing Cap worth ₹ 45 lakh set in 2017, no longer reflects the real market realities. And can benefit from low GST rates. “
Additionally, tax benefits for homebuilders for the first time, especially for affordable housing projects, will increase the demand in this segment, which has seen a slow growth due to high prices.
Developer headed expectations: access to capital
The high cost of construction materials and land acquisition is an important challenge for developers.
Avinash Rao, founder of Alt DRX, shares, “To support developers, the government can consider relaxing policies on input tax credit and offer measures to attract domestic and international real estate funds. .
Tax improvement for real estate investment
Another significant expectation from the region is improvement that encourages real estate investments, especially for other homes and resort-style properties.
Pushpam Group Managing Director Sachin Chopda said, “The second-house market is growing rapidly, and identifying it as a separate category under affordable housing with benefits by increasing it can catalyze further growth.”
He also suggested an increase in GST input tax credit, which would provide cost capacity to developers and help stabilize property prices.
Pay attention to luxury housing
There is an increase in demand with luxury housing market, Ankush Kaul, Chairman – Sale, Marketing and CRM believe that the upcoming budget should focus on supporting high -end residential development.
“Policies that streamline approval for luxury projects and provide assistance for smart infrastructure and green building initiative, will play an important role in promoting the premium real estate segment,” Kaul said.
Strengthen real estate regulations
Saurabh Runwal, director of Runwal Realty, emphasized the need to simplify the regulatory process. “Reducing long -term capital gains taxes, streamlining the rules of the Real Estate Investment Trust (REIT), and starting industry status for real estate will allow developers to arrive more competitively and make housing more cheap . “
Runwal also indicated the importance of skilled labor in meeting the demand of smart, sustainable cities. “Lifting the workforce and adopting the structure of modern urban rule will help to meet the needs of India’s growing urban population.”
Also read Budget 2025 proposal: Home loan deduction and improvement in real estate development
(Tagstotransite) Budget 2025 (T) Budget 2025 Proposal (T) Budget 2025 Real Estate (T) Budget 2025 Income Tax (T) Budget 2025 Taxation Change
