The country's Finance Minister Nirmala Sitharaman has presented her 8th budget. After this budget, people from every sector will try to decode according to their understanding for the next few days what they and their sector got and what they did not get. If we talk about the real estate sector, then some important announcements were made in this budget. It was announced to make two self-occupied properties tax-free. Along with this, decisions were taken in the form of Urban Challenge Fund of Rs 1 lakh crore and SWAMIH Fund 2 of Rs 15,000 crore. Which will give momentum to the real estate sector.
By the way, Nirmala Sitharaman did not stop here. She has increased the limit of TDS on rent from Rs 2.4 lakh to Rs 6 lakh. Due to this, the rent market will also see a boom. At the same time, with the annual income of Rs 12 lakh being tax-free, money will come into the hands of the common people. Due to this, they will be inspired to invest in real estate. Let us also tell you what the people of the real sector have to say in this matter. Budget to boost the economy
Manoj Gaur, CMD of Gaur Group and Chairman of CREDAI National, says that Budget 2025 shows that the government is serious about boosting the economy, strengthening infrastructure, and maintaining financial stability. Steps taken for start-ups and job creation, as well as a reduction in income tax slabs, these measures will increase the availability of money in the real estate sector and will also increase people's desire to buy a house.
The middle class will invest in real estate.
County Group Director Amit Modi says that the proposal to consider two own houses as zero in tax for real estate buyers will provide relief, especially to middle-class professionals who have a second house in their villages. Increasing the TDS limit on rental income from Rs 2.5 lakh to Rs 6 lakh will benefit people dependent on rent. By making income up to Rs 12 lakh tax-free, middle-class people will have more money for future real estate investments.
Demand for mid-size homes will increase.
Yash Miglani, MD, Migsun Group, says that increasing investment in the private sector and strengthening people's expectations will help in increasing home buying and business, which will lead to a steady boom in the real estate sector. The steps taken to help the middle class, such as tax relief to people with income up to Rs 12 lakh, will provide great relief to the people and will also increase their income. Dr. Gautam Kanodia, Founder, of Kreeva and Kanodia Group, says that the Union Budget 2025 has given great relief to the middle class through revised income tax reforms, as well as taken a big step for urban development. Income tax exemption up to Rs 12 lakh will increase the expectations of middle-class home buyers.
Promoting infrastructure and housing development
Deepak Kapoor, Director, of Gulshan Group, says that this budget has been successful in balancing the concerns of development and growth. Schemes like Urban Challenge Fund of Rs 1 lakh crore and SWAMIH Fund 2 of Rs 15,000 crore will promote infrastructure and housing development, which will benefit the real estate sector. Gurpal Singh Chawla, Managing Director, Trewalk, says, this budget strikes the right balance between development priorities and economic stability.
Promoting affordable housing
Prashant Tiwari, CMD, Pratik Group, says important changes have been made for the real estate sector in this budget. Making annual income up to ₹ 12 lakh tax free will increase the disposable income of people, which will increase the demand for buying homes, especially among first-time homebuyers.
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