marksmendaily.com-Union Budget 2025: Real Estate Leaders Call for Reforms to Drive Affordability, Growth, and Sustainability
As the Union Budget 2025-26 approaches, India’s real estate sector voices its expectations for critical reforms to address persistent challenges, spur growth, and make housing more accessible and sustainable. With the potential to significantly boost the nation’s GDP and socio-economic development, stakeholders emphasize the importance of progressive policy measures.
Dr. Niranjan Hiranandani, Chairman, NAREDCO:
“NAREDCO commends the Finance Ministry for its efforts to address the real estate sector’s concerns. For Budget 2025-26, we recommend measures to stimulate growth and stability. Firstly, the affordable housing segment, which is facing negative growth, needs increased funding for inclusivity and sustainable urban development. Raising the tax deduction limit on home loan interest payments from ₹2 lakh to ₹5 lakh can make homeownership more affordable and boost demand.
Mr. Prashant Sharma, President, NAREDCO Maharashtra:
“Increasing budgetary allocations for affordable housing under PMAY-U and raising the home loan interest deduction limit from ₹2 lakh to ₹5 lakh are critical steps to boost affordability and homeownership. Additionally, granting industry status to the real estate sector is crucial.
