The proposed hike in TDS (Tax Deducted at Source) on rentals up to Rs 6 lakh, as promised in the Union Budget 2025, aims to bolster rental investments, said Niranjan Hiranandani, Chairman of National Real Estate Development Council (NAREDCO) and the Hiranandani Group.

In a conversation with ANI, the NAREDCO chairman on Saturday stated that the Union budget presented by Finance Minister Nirmala Sitharaman in Parliament today, has been hailed as a transformative step for India's real estate and infrastructure sectors.

While no big-bang announcements were made by the FM for the real estate sector, several measures that are set to come into operation from April 1 are expected to help prospective middle-income homebuyers to take the plunge, feel the industry stakeholders.

The Union Budget 2025, unveiled by Finance Minister Nirmala Sitharaman, has been hailed as a game-changer for India's real estate and infrastructure sectors. The proposed increase in Tax Deducted at Source (TDS) on rentals up to Rs 6 lakh aims to invigorate rental investments, according to Niranjan Hiranandani, Chairman of the National Real Estate Development Council (NAREDCO) and the Hiranandani Group. In a discussion with ANI, Hiranandani emphasized the transformative nature of the budget for promoting rental market growth.

The Rs 15,000 crore allocated for the completion of one lakh dwelling units will contribute in improving the affordable housing sector, however other significant actions are needed to further uplift this sector, says NAREDCO (National Real Estate Development Council).

The National Real Estate Development Council (NAREDCO), Mysuru Chapter, will be conducting a knowledge sharing session on ‘Cyber Crime Threats in Real Estate’ at Hotel Southern Star on Vinoba Road at 7 pm.

Addressing media persons at Pathrakartara Bhavan this morning, NAREDCO Mysuru President V.C. Ravikumar said that the programme had been organised to create awareness on cyber crime and its prevention.

In a significant move towards sustainable real estate, NAREDCO Maharashtra has joined hands with the International Finance Corporation (IFC) EDGE team to drive green building initiatives in 2025. Facilitated by NAREDCO Maharashtra NextGen, this collaboration aims to unlock global financing opportunities while promoting environmentally responsible construction practices.

Real estate developers have their own wish lists for Union finance minister Nirmala Sitharaman ahead of the upcoming budget. From demand for industry status for the sector to a special push for affordable housing, the list is not short.

The Maharashtra government is contemplating to revise and raise the Ready Reckoner (RR) rate, the state’s benchmark for property valuation, by up to 10% in the upcoming financial year 2025-26.

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025-26 on February 1, 2025, the realty sector is eagerly waiting for announcements to get a boost for residential properties. While Speaking with Outlook Money experts said that they are expecting ease of GST rationalisation, the revival of the 100 per cent tax exemption under Section 80-IBA for affordable housing projects, and streamlining of the input tax credit mechanism.

The Indian real estate sector anticipates transformative policy changes in the upcoming Union Budget 2025, with key stakeholders advocating for industry status, tax reforms, and enhanced financial incentives to boost investment, streamline operations, and stimulate demand across the sector.