With the dawn of 2025, India's real estate market stands on the brink of a transformative era, poised for unprecedented growth across residential, commercial, and industrial sectors. This pivotal juncture is characterised by exponential growth and evolving market dynamics, with each sector undergoing significant transformations. These shifts are being shaped by demographic changes, progressive policy initiatives, and economic trends.
With the Union Budget 2025-26 just weeks away, the real estate sector is calling for bold reforms to reignite growth and address pressing challenges. After a subdued second half of 2024, owing to general and state elections and lackluster GDP performance, industry leaders are urging the government to introduce measures that could revive demand, bolster affordable housing, and improve urban infrastructure.
A delegation from NAREDCO Maharashtra, Pune, and Vidarbha recently met Maharashtra Revenue Minister Chandrashekhar Bawankule with key proposals to promote the real estate sector.
The 10-member team highlighted the need to stabilize land rates in the ready reckoner for the financial year 2025-26. They also urged the government to incentivize homebuyers purchasing property in certified green buildings.
Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. As per reports, Modi government is considering cutting income tax for individuals earning up to Rs 15 lakhs per annum in February's budget to provide relief to the middle class and boost consumption as the economy slows.
Speaking on behalf of the real estate industry, Mr. Prashant Sharma, President of NAREDCO Maharashtra underlined his sector's expectation from the Union Budget 2025.
At a time when India is facing economic challenges due to global hurdles, a weak rupee and slowing consumption, the real estate and housing industry is pitching for more incentives, citing that the real estate sector can be a growth harbinger for the country.
As the Union Budget looms, the real estate sector in India is voicing its demands for transformative changes to revive affordable housing, streamline regulations, and boost market demand. Key expectations from industry leaders include tax reliefs, increased funding, and the granting of industry status to real estate.
The National Association of Real Estate Developers Organisation (NAREDCO), representing real estate developers, has urged the Maharashtra government to reduce stamp duty to 3% for a year to boost property transactions.
The body has also asked the government to incentivise homebuyers who purchase property in certified green buildings and to keep the land rates in ready reckoner rate unchanged in the financial year 2025-26.
The gleaming glass facades of luxury apartments in Mumbai’s skyline tell only half the story of India’s real estate market. Behind this veneer of prosperity lies an uncomfortable truth: millions of middle-class Indians are being priced out of their dream of homeownership, creating a silent crisis that threatens the nation’s social fabric.
As the Union Budget looms, the real estate sector in India is voicing its demands for transformative changes to revive affordable housing, streamline regulations, and boost market demand. Key expectations from industry leaders include tax reliefs, increased funding, and the granting of industry status to real estate.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced on Friday that the development works for Amaravati, the state's capital, will resume with a substantial investment of Rs 50,000 cr.
