moneycontrol.com-Five key demands the real estate sector wants to be considered in Budget 2025
Real estate developers have their own wish lists for Union finance minister Nirmala Sitharaman ahead of the upcoming budget. From demand for industry status for the sector to a special push for affordable housing, the list is not short.
Builders also want some fiscal measures such as tax rebate on housing loan interest to be enhanced to a minimum of Rs 5 lakh, input tax credit under the goods and services tax and introduction of tax incentive under Section 80C of the Income-tax Act for investors in real estate investment trusts (REITs).
G Hari Babu, national president, National Real Estate Development Council (NAREDCO), said that revising the affordable housing price cap, which has remained unchanged for a decade at Rs 45 lakh, to Rs 60 lakh is imperative to account for rising input costs and inflation.
