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.
NAREDCO Calls for Boost to Affordable Housing, Tax Reforms in Union Budget 2025
With the Union Budget 2025 on the horizon, the real estate sector has presented a robust wishlist aimed at promoting growth, affordability, and sustainability. Leading voices, including Dr Niranjan Hiranandani, Chairman of NAREDCO, and other industry leaders, have called on the government to introduce reforms that will address affordability challenges, streamline investments, and foster urban development.
With the Union Budget set to be presented on February 1, 2025, the real estate industry has articulated a comprehensive wish list aimed at fostering growth and sustainability in the sector. Leading voices from the industry have put forward their expectations, urging the government to adopt measures that would stimulate investment, promote housing affordability, and drive urban development.
With the Union Budget set to be presented on February 1, 2025, the real estate industry has articulated a comprehensive wish list aimed at fostering growth and sustainability in the sector. Leading voices from the industry have put forward their expectations, urging the government to adopt measures that would stimulate investment, promote housing affordability, and drive urban development.
As India's Union Budget 2025 approaches, real estate industry leaders are voicing their expectations, calling for measures to stimulate the sector, particularly affordable housing, and improve market conditions. Key demands include tax reliefs, enhanced funding, and the long-awaited recognition of real estate as an industry.
In a landmark developers’ meet, the NAREDCO Delhi Chapter brought together key stakeholders to discuss transformative solutions for Delhi’s real estate challenges. With Chief Guest Anand Kumar, chairman of Delhi RERA, NAREDCO national president Hari Babu, and Delhi Chapter president Harsh Vardhan Bansal leading the dialogue, the event set a visionary roadmap for addressing the capital’s critical urban and real estate issues.
As the Union Budget 2025-26 approaches, India’s real estate sector voices its expectations for critical reforms to address persistent challenges, spur growth, and make housing more accessible and sustainable. With the potential to significantly boost the nation’s GDP and socio-economic development, stakeholders emphasize the importance of progressive policy measures.
Dr. Niranjan Hiranandani, Chairman, NAREDCO:
