Mr.
Avneesh Sood, Director, Eros Group, on the Budget 2025 expectations for the
real estate sector.
“The Union Budget 2025 holds
immense significance for the real estate sector, a key driver of India’s
economic growth, contributing nearly 6-7% to the GDP and employing millions.
This year, the industry is optimistic about targeted reforms that address
affordability and liquidity challenges. For instance, revising the home loan
interest deduction limit under Section 24(b) to ₹5 lakhs from ₹2 lakhs can
stimulate housing demand, particularly in the mid-income and affordable
segments, where sales have declined by over 14% year-on-year in 2024.
Additionally, rationalizing GST rates on under-construction properties and
incentivizing green real estate initiatives could further support sustainable
urban development. Institutional funding in real estate, which hit a record
$6.5 billion in 2024, reflects strong investor confidence, but expanding
liquidity measures will ensure timely project delivery. As we transition into
2025, policies enabling rental housing expansion and infrastructure growth will
be pivotal in driving urbanization and fulfilling the ‘Housing for All’ vision.
We are confident that this budget will lay the foundation for resilient growth
in the sector.”
We would be delighted if
you could consider including this perspective in your esteemed publication or
portal, especially if you're planning a feature on budget expectations for the
real estate sector.
