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Budget Should Address Ailing Affordable Housing Market: Realty Sector
The New Indian Express Thrissur
|January 07, 2025
The real estate sector is seeking big reforms from the upcoming Union budget for FY26 (to be tabled on Feb 1, 2025) to revive sentiments amid a decline in transaction activity.
After facing a blow in the previous budget when the government decided to do away with indexation benefits, realty players want a rise in tax exemption limit on housing loans to ₹5 lakh, revision in affordable housing criteria and reintroduction of the Credit-Linked Subsidy Scheme under Pradhan Mantri Awas Yojana (PMAY).
"For the realty sector, key expectations include industry status and revival of affordable housing segment," said Anuj Puri, Chairman of ANAROCK Group.
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