Real estate eyes Union Budget 2025-26 for support
Union Budget 2025-26 imminent in February 2024, the real estate sector -as always — has significant expectations. In light of slightly lower housing market activity in the latter part of CY 2024, the industry hopes for government interventions, especially for affordable housing.
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Although tax reliefs and other incentives are customary asks, what is likelier is that the government will prioritise the development of resilient infrastructure. While infrastructure development may not yield immediate benefits for end-users, it is a crucial catalyst for sustained growth in the real estate sector.
The Budget is also anticipated to prioritise economic stability and promote growth, particularly considering the lacklustre GDP figures from the previous two quarters. Stimulus measures for SMEs, MSMEs, job creation, and skills development efforts will help bulwark the economy.
Affordable Housing in Budget 2025?
Key expectation from the real estate sector includes industry status as well as a shot in the arm for the affordable housing segment. Previously a promising sector, affordable housing — where properties are priced below INR 40 lakh — has faced considerable challenges post-pandemic, resulting in a dramatic contraction of both demand and supply. ANAROCK data indicates that the sales percentage of
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