The sector has already sent out its wishlist to the North Block for consideration for the upcoming budget 2025, G Hari Babu, National President, NAREDCO said the government can consider addressing "key challenges and propel the real estate sector towards sustainable growth.” Babu says that the government can consider revising the affordable housing price cap from ₹45 lakh to ₹60 lakh, "which has remained unchanged for a decade, is imperative to account for rising input costs and inflation. Similarly, increasing the income tax deduction limit on interest payments under Section 80C from ₹2 lakh to ₹5 lakh and reducing home loan interest rates will make homeownership more accessible.
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The sector has already sent out its wishlist to the North Block for consideration for the upcoming budget 2025, G Hari Babu, National President, NAREDCO said the government can consider addressing "key challenges and propel the real estate sector towards sustainable growth.” Babu says that the government can consider revising the affordable housing price cap from ₹45 lakh to ₹60 lakh, "which has remained unchanged for a decade, is imperative to account for rising input costs and inflation. Similarly, increasing the income tax deduction limit on interest payments under Section 80C from ₹2 lakh to ₹5 lakh and reducing home loan interest rates will make homeownership more accessible.
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