Curious about what the upcoming Budget 2024-25 holds for the real estate sector? Here's a sneak peek into the expectations and predictions from industry experts.



Experts are optimistic about the Interim Budget's impact on real estate, with key demands centering around infrastructure status for affordable housing, lower GST rates, and simplified taxation for REITs. The sector is hopeful for reforms that will stimulate demand, boost investment, and enhance transparency through digitization.

Jetaish Gupta from Adore Group emphasizes the need for policy support to revive the affordable housing segment, crucial for bridging the housing gap exacerbated by the pandemic.

Gurmit Singh Arora of the Indian Plumbing Association stresses the importance of affordability and sustainability integration, citing the looming housing shortage in urban centers.

LC Mittal from Motia Group advocates for industry status for real estate, single window clearance, tax breaks, and GST rationalization to unleash growth potential.

Atul Monga from BASIC Home Loan highlights expectations for increased tax deductions for home loans, reevaluation of affordability criteria, and release of government-owned land for affordable housing.

Lucy Roychoudhury of Runwal Group anticipates growth-focused measures in the budget to support the residential sector, including a cut in tax rates.

Chulamas Jipatima (Amy) from MQDC India hopes for policies that encourage collaborative ecosystems and ease of doing business, particularly benefiting startups and entrepreneurs.

Pankaj Narang from Blitzkrieg Co. outlines three pivotal measures for catalyzing growth in real estate: lower interest rates, increased home loan deduction slab, and amplified focus on the sector's importance in the economy.

As the Budget approaches, these insights provide a glimpse into the sector's expectations and the potential impact on India's real estate landscape.