devdiscourse.com-Real Estate Leaders Voice Key Budget Expectations
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.
Niranjan Hiranandani, Chairman of NAREDCO, emphasized the importance of making homeownership more affordable. He suggested raising the tax deduction limit on home loan interest from Rs 2 lakh to Rs 5 lakh and advocated for infrastructure status for the housing sector to lower borrowing costs and improve access to financing.
