Quick Summary
The Indian real estate sector, after a remarkable recovery in 2024 with residential demand peaking at an 11-year high and office leasing activity surpassing 53.3 million square feet, anticipates crucial reforms in the Union Budget 2025-26. Finance Minister Nirmala Sitharaman is set to present the budget on February 1, 2025, amidst rising challenges such as increasing construction costs, affordability concerns, and the sector's demand for long-pending incentives. Key Expectations from the Budg
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FAQ :
The sector expects a reduction in GST on cement, higher tax exemptions for home loan interest, reforms in affordable housing definitions, infrastructure status for real estate, and tax benefits for REITs.
A reduction in GST on cement and allowance for input tax credits are requested to help lower construction costs and improve affordability for developers and buyers.
The industry is pushing for an increase in the home loan tax exemption limit from the current ₹2 lakh to ₹5 lakh to offer relief to middle-income homebuyers.
Experts suggest revising the definition of affordable housing with restructured size and price limits for metro cities and potentially reintroducing the Credit-Linked Subsidy Scheme (CLSS).
Granting infrastructure status could streamline regulatory approvals, attract foreign investment, and improve financing options for real estate developers.
Stakeholders urge the government to exempt dividend income from double taxation for Real Estate Investment Trusts (REITs) to enhance liquidity and participation.
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