deccanherald.com-Union Budget 2025 | Expecting policies that address long-standing challenges in real estate sector, says NAREDCO Maharashtra President
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.
"As we approach the Union Budget 2025-26, the real estate sector looks forward to policy initiatives and reforms that can drive growth, enhance affordability, and address long-standing industry challenges. The sector, a critical contributor to the nation’s GDP and a significant employment generator, requires sustained focus and support to maintain its upward trajectory," he said.
