The housing sector has also outlined its expectations ahead of Union Budget 2025-26.
Jash Panchamia, Management, Suraksha Smart City
Panchamia called for a revision in the affordable housing price cap, increasing it from ₹45 lakh to ₹75 lakh in the Mumbai Metropolitan Region (MMR) to reflect market realities. He also urged for extended benefits under Section 80-IBA to enhance housing affordability. “These initiatives will align with the aspirations of middle-income homebuyers and further the government’s ‘Housing for All’ mission,” he said.
Anmoll D. Shroff, Founder and CEO, Graanth Realty
Shroff highlighted the real estate sector’s potential to achieve a USD 1 trillion market size by 2030 and called for granting the industry official status to unlock institutional capital and low-cost financing. He also advocated for reducing GST on essential construction materials, rationalizing tax rates for under-construction properties, and incentivizing green buildings through tax benefits. “Tax incentives for REITs and SM REITs will enhance retail investor participation and drive sustainable development,” he added.
The logistics and real estate sectors eagerly await the Union Budget 2025, hoping for transformative measures to foster growth, reduce costs, and enhance competitiveness in the global market.
