What Home Loan Borrowers Hope For In Budget 2025

Home-loan borrowers are looking to this budget with a lot of optimism, hoping for relief

- Amit Diwan

The importance of the housing sector to India's gross domestic product (GDP) cannot be overstated. The major employment generator is expected to contribute around 13% to the national GDP. With the Union budget being around the corner and the emphasis that the current dispensation is laying on the real estate sector, there is a lot of hope and anticipation around reforms and incentives, which will ease homebuyers' financial burden and catalyse home ownership.

India's housing market has shown remarkable resilience and growth in recent years, driven by urbanization, infrastructure development, and rising aspirations for homeownership. However, persistent challenges such as high interest rates, affordability gaps, and liquidity constraints continue to affect borrowers. A few targeted measures, such as reduced interest rates and improved financial support, can ensure relief on these fronts and provide significant impetus to homeownership, making it more accessible for a larger section of the population.

Enhanced tax benefits for home-loan borrowers