As the Union Budget 2025-26 approaches, I have high expectations for the real estate sector under the Modi 3.0 government. With real estate activity declining in late 2024, targeted interventions are essential to revive consumption and stimulate growth. Beyond incentives, subsidies, and tax reliefs, I hope the budget emphasizes infrastructure development and sustainable real estate practices, such as green buildings and energy-efficient construction.
Affordable housing remains a critical focus, and there is an urgent need to reignite the momentum seen during Modi 1.0’s Pradhan Mantri Awas Yojana (PMAY). Measures like reintroducing the Credit-Linked Subsidy Scheme under PMAY and restoring the 100% tax holiday for developers under Section 80-IBA could help address challenges in this segment and boost supply and demand.
With the right policy steps, 2025 could mark a recovery for real estate, driving growth, new launches and optimism in the sector.
