Lachman Ludhani - Chairman and Managing Director - Evershine Group.
Credit: Evershine Group
Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.
The real estate sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.
Here's what Lachman Ludhani - Chairman and Managing Director - Evershine Group has to say--
"The real estate sector has always thrived by turning challenges into opportunities, meeting the aspirations of homebuyers year after year. As we gear up for the Union Budget 2025, I see a landscape filled with promise, if we make a few strategic shifts.
Affordable housing continues to gain momentum, reflecting the evolving needs of our nation. While 2024 presented its challenges, I believe the upcoming budget can reignite home-buying interest by introducing crucial reforms in tax policies and enhancing subsidies for affordable housing.
These steps will not only ease financial burdens but also open doors to growth and innovation. With a clear focus and collective effort, I am confident that we can propel the industry forward, paving the way to achieve the ambitious $1 trillion target by 2030 and fulfilling the housing dreams of millions of Indians."
Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.