ETRealty-Real estate sector seek industry status and fiscal reforms in Budget 2025
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.
Policy reforms such as reintroducing Section 80IBA incentives and removing MAT provisions are essential to reviving affordable housing development. Buyers will benefit from measures like restoring the interest subvention under PMAY for loans up to Rs 6 lakh and offering fixed interest rates of 5% for loans up to Rs 25 lakh, said G Hari Babu, national president, NAREDCO.
