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english.mathrubhumi.com-Budget 2025 Expectations: Real estate sector pushes for affordable housing and tax incentives

As India's Union Budget 2025 approaches, real estate industry leaders are voicing their expectations, calling for measures to stimulate the sector, particularly affordable housing, and improve market conditions. Key demands include tax reliefs, enhanced funding, and the long-awaited recognition of real estate as an industry.

 

Niranjan Hiranandani, Chairman of NAREDCO, emphasized the need to make homeownership more affordable by raising the tax deduction limit on home loan interest payments from Rs 2 lakh to Rs 5 lakh. He also advocated for granting infrastructure status to the housing sector, which would reduce borrowing costs and improve access to financing. Hiranandani also proposed expanding rental housing initiatives and revising individual tax rates from 37% to 25% to boost market participation and disposable income.

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