With the Union Budget 2025 on the horizon, Prithvi Raj Kasana, Founder & MD of Morpheus Group, expressed optimism about initiatives that could drive real estate growth and attract investment. Reflecting on the sector’s performance, Kasana highlighted record-breaking institutional investments and robust housing demand in 2024.
“In 2024, India’s real estate industry displayed impressive resilience, with residential sales exceeding 225,000 units in the initial nine months, alongside 215,000 new project launches. Institutional investments reached a historic high of USD 8.87 billion, up 51% year-on-year, driven by strong demand in housing, office spaces, and warehousing,” he stated.
Looking ahead to 2025, Kasana expects the Finance Minister to introduce enhanced tax benefits for homebuyers, affordable housing incentives, and policy reforms to simplify regulatory processes. “The housing market is anticipated to see a moderate single-digit price rise, suggesting stable growth. Enhancing infrastructure development and improving credit accessibility will be vital for accelerating sector expansion,” he noted.
Beyond real estate, Kasana pointed to infrastructure, renewable energy, and manufacturing as key areas for government focus. He emphasized the need for investments in digital infrastructure, including 5G and rural broadband, to unlock new opportunities across industries.
“A well-rounded approach that emphasizes long-term development and fiscal responsibility will be crucial for creating new opportunities in 2025,” Kasana concluded, underscoring the need for balanced and growth-oriented policy measures in the upcoming budget.
