Budget 2025 Expectations |Grant long-awaited industry status to real estate, says Housing.com Group CEO Dhruv Agarwala

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.

This is what Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com has to say--

"The Union Budget 2025 presents a crucial opportunity to address longstanding challenges and catalyze growth in the real estate sector. Raising the tax exemption limit on home loan interest, which has remained stagnant for years, is essential to easing the financial burden on homebuyers and enhancing housing affordability.

Granting long-awaited industry status to real estate is another transformative step that can enable developers to secure structured financing and reduce borrowing costs, especially in the face of escalating input and land expenses.

Additionally, simplifying GST rates and streamlining input tax credit mechanisms will help make housing more accessible and affordable for buyers. As rapid urbanization continues, it is imperative to introduce policies that prioritize the development of new greenfield cities and upgrade infrastructure in existing urban centers to meet increasing demand and support sustainable growth.”

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.