Budget 2025: Real Estate Sector Hopes For 'Industry' Status, Better Tax Incentives, And Boost For Housing
In 2024, the sector saw a surge in residential sales, along with record high demand for industrial and warehouse spaces.
Affordable housing continues to remain a major focus in the sector, with experts hoping for the authorities to encourage the 'Housing for All' vision. ABP Live AI
Industry insiders argued that reinstating the Credit-Linked Subsidy Scheme and raising the home loan interest deduction limit would further support housing affordability for all. 99acres
Industry experts pointed out that simplifying the input tax credit system on developing projects would help cut down the construction cost, resulting in higher sales for commercial and residential projects. ABP Live AI
The industry is also hopeful of some ease in the GST burden, specifically for developers in under-construction projects. For instance, a reduction in the GST on crucial raw materials could also help control the project costs. ABP Live AI
Colliers India suggested that the government should provide incentives or tax breaks in GST for green buildings as sustainability is the need of the hour. Pexels
The real estate sector has been long demanding the ‘Industry’ status as this will majorly enhance the sector’s access to funding and make things efficient for developers. ABP Live AI