Union Budget 2021: From GST reforms to tax breaks, here's what real estate sector is hoping for
3 years, 10 months ago

Union Budget 2021: From GST reforms to tax breaks, here's what real estate sector is hoping for

India Today  

For 38-year-old Pradyuman Singh, the year 2020 could not have come at a worse time. Now with the upcoming Union Budget, I hope that the real estate sector can see some revival and I can find genuine buyers," says Singh who is now venturing into F&B consultancy. "The long-awaited industry status to the real estate sector will greatly impact all associated stakeholders and the massive group of construction workers employed in this field," said Kushagr Ansal, Director at NCR-based Ansal Housing Limited and President, CREDAI - Haryana. Ashish Bhutani, MD at Noida-based Bhutani Group, said the industry status to the real estate sector will help its commercial segment. "Granting of industry status to the entire real estate sector will help attract more investment.

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History of this topic

Top investment opportunities in 2025: Key sectors to put money into for high returns in India
1 day, 20 hours ago

Top investment opportunities in 2025: Key sectors to put money into for high returns in India

Live Mint  

Top investment opportunities in 2025: In 2025, several vibrant industries will show up as excellent investment prospects as India's economy continues its upward trajectory. According to industry analysts, investors can anticipate strong returns by leveraging high-potential sectors like green energy, real estate, electric vehicles, and technical advancements. Key players like Embassy Office Parks and Mindspace now manage 114.5 million square …

CREDAI expresses concern over proposed 18% GST on Floor Space Index premiums
2 days, 9 hours ago

CREDAI expresses concern over proposed 18% GST on Floor Space Index premiums

The Hindu  

The Confederation of Real Estate Developers’ Associations of India has expressed deep concerns over the government’s proposal to impose an 18% Goods and Services Tax on Floor Space Index and additional FSI premiums. The proposed GST on FSI premiums, they warned, could further escalate property prices by 7-10%, jeopardising affordable housing projects. “The proposed GST could make homeownership more expensive …

Maharashtra election results 2024: Real estate sector hopes the new government will focus on policies that foster growth
1 month ago

Maharashtra election results 2024: Real estate sector hopes the new government will focus on policies that foster growth

Hindustan Times  

The real estate sector hopes that the new government in Maharashtra will focus on policies that will foster growth and investment in the state such as faster clearances for projects, an impetus to affordable housing, priority to slum rehabilitation and redevelopment projects and work towards a reduced stamp duty structure. Maharashtra election results 2024: The real estate sector hopes that …

Equity investments in real estate sector to surpass $10 billion in 2024: CBRE-CII report
1 month ago

Equity investments in real estate sector to surpass $10 billion in 2024: CBRE-CII report

Hindustan Times  

Equity investments in Indian real estate may surpass $10 billion in 2024 on the back of strong inflows into built-up office space assets and a robust land acquisition pipeline for residential projects, according to a report by industry body CII and real estate consultant CBRE. "Overall equity investments in 2024 in the real estate sector are set to hit a …

Surge in NRI Investments 2024: India’s Real Estate Market
3 months ago

Surge in NRI Investments 2024: India’s Real Estate Market

The Hindu  

A surge in NRI investments has been registered in the Indian real estate market by 15-20% over the last twenty months. Optimism in the Indian Economy leading to surge in NRI Investment: As of 2023, non-resident Indians have spent more than thirteen billion dollars on real estate. According to sources, it is anticipated that by 2025, the surge in NRI …

India's real estate market likely to touch $10 trillion by 2047: Colliers-CREDAI Report
3 months ago

India's real estate market likely to touch $10 trillion by 2047: Colliers-CREDAI Report

Hindustan Times  

Indian real estate market is likely to touch $10 trillion by 2047, according to a Colliers-CREDAI report released at the Credai-NATCON 2024 event in Sydney, Australia Rapid urbanization, infrastructure development, digitalization, demographic shifts, sustainability and investment diversification will lead to expansion of the Indian real estate market from under a trillion currently to potentially a $10 trillion market by 2047 …

Union Budget 2024: Real estate sees marginal benefits
4 months, 3 weeks ago

Union Budget 2024: Real estate sees marginal benefits

The Hindu  

Covering a wide spectrum of Indian sectors, the first Union Budget of Modi 3.0 focused on MSMEs, employment, skilling, youth, and the middle class. Yet, the Budget as such has failed to address several concerns of the real estate sector, including direct incentives to boost the affordable housing sector. Mega allocation for the Hyderabad-Bengaluru industrial corridor and Vizag-Chennai corridor will …

Middle class discontented, real estate sector applauds tax reforms
5 months ago

Middle class discontented, real estate sector applauds tax reforms

The Hindu  

Middle-class families in the city have voiced their dissatisfaction with the updated income tax slabs in Union Budget 2024-25, presented by Union Finance Minister Nirmala Sitharaman on July 23. Mohd Abdullah, an assistant manager at a private bank, remarked, “People earning ₹3 lakh to ₹7 lakh per year are usually recent college graduates, while those earning ₹7 lakh to ₹10 …

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister
5 months ago

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister

Hindustan Times  

Budget 2024 will be presented by Finance Minister Nirmala Sitharaman today and the real estate sector hopes that the government will focus on affordable and middle income housing in the Budget. The real estate sector hopes that the government will push for affordable and middle income housing in Budget 2024. The government should raise the deduction limit for interest payment …

Budget 2024: Real estate players seek tax sops, REIT reforms, industry status, spending boost in Union Budget 2024-25
5 months ago

Budget 2024: Real estate players seek tax sops, REIT reforms, industry status, spending boost in Union Budget 2024-25

Live Mint  

Budget 2024: The commercial real estate industry is eagerly anticipating reforms that will bolster growth and investor confidence in the Union Budget 2024-25. "Maintaining investor confidence in REITs with a stable tax framework is crucial as REITs play a pivotal role in boosting real estate, stimulating economic growth, and creating jobs," Nair stated. Atul Bohra, Group CEO of Kolte-Patil Developers …

Union Budget 2024: Realtors Want Industry Status, Removal of Capital Gains Tax
5 months ago

Union Budget 2024: Realtors Want Industry Status, Removal of Capital Gains Tax

News 18  

Union Finance Minister Nirmala Sitharaman will present the first full-year Budget of the Modi 3.0 government on July 23, 2024. “Removing capital gains tax on real estate would eliminate the tax paid on profits from selling property. Providing developers access to input tax credit is not just a financial incentive but a strategic measure that can boost sectoral growth for …

Union Budget 2024: Real estate’s wishlist
5 months, 3 weeks ago

Union Budget 2024: Real estate’s wishlist

The Hindu  

The Indian real estate sector is a crucible of economic growth and employment. To generate more growth and address the housing needs of a growing population, particularly in the low and mid-income segments, the Budget must include tax breaks, regulatory reforms, and financial assistance measures. Affordable and mid-income housing is the foundation of the real estate industry, meeting the urgent …

Real estate sector pins hopes on Modi 3.0; pushes for focus on infra development and affordable housing
6 months, 1 week ago

Real estate sector pins hopes on Modi 3.0; pushes for focus on infra development and affordable housing

Hindustan Times  

The real estate sector hopes that the new government will continue to focus on infra development, affordable housing, streamlining of the regulatory framework, single window clearance mechanism and rationalization of taxes to stimulate investment and growth in the sector. With Narendra Modi taking oath as the prime minister for the third time, the real estate sector hopes that the new …

Election 2024 results: Real estate sector hopes for continued focus on infra development, affordable housing
6 months, 2 weeks ago

Election 2024 results: Real estate sector hopes for continued focus on infra development, affordable housing

Hindustan Times  

The real estate sector hopes that the new government would continue to focus on infrastructure development, work towards lowering home loan interest rates, prioritize affordable housing, and provide tax incentives for sustainable development. Election 2024 results: The real estate sector hopes that the new government would continue to focus on infrastructure development, work towards lowering home loan interest rates, prioritize …

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai
9 months, 1 week ago

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai

Hindustan Times  

The real estate sector is projected to touch a market size of $1.3 trillion by FY 2034 and $5.17 trillion by 2047, according to a report by the builders’ apex body Confederation of Real Estate Developers’ Association of India. The real estate sector is projected to touch $1.3 trillion by FY 2034 and $5.17 trillion by 2047, Credai has said, …

Real estate sector will contribute 15% to the GDP and will reach a market size of $1 trillion by 2030: Puri
9 months, 1 week ago

Real estate sector will contribute 15% to the GDP and will reach a market size of $1 trillion by 2030: Puri

Hindustan Times  

Housing and Urban Affairs Minister Hardeep Singh Puri said on March 15 that the real estate sector is expected to contribute 15% to the GDP and will touch a market size of $1 trillion by 2030. He also said that a highly matured and developed real estate sector with an estimated market size of $1 trillion by 2030 is needed …

Economic outlook 2024: Real estate surging ahead
9 months, 3 weeks ago

Economic outlook 2024: Real estate surging ahead

The Hindu  

As India charts its economic course in 2024, two sectors stand out as the primary engines of growth: real estate and infrastructure. Influenced by various factors like increased investments, government initiatives, and sustainability measures, real estate and infrastructure are together poised to stand out as the major contributors to the Indian economy. Several projects exemplify India’s emphasis on real estate …

Real Estate Budget 2024: Focus on infrastructure, new housing scheme for the middle class
10 months, 3 weeks ago

Real Estate Budget 2024: Focus on infrastructure, new housing scheme for the middle class

Hindustan Times  

Finance minister Nirmala Sitharaman said on February 1 that the government will launch a housing scheme for the middle class to buy or build their own houses and it will be constructing close to 2 crore homes under the PMAY rural scheme, a move that is expected to give a push to the Housing for All agenda. Real estate experts …

Interim Budget 2024: No support from finance minister Nirmala Sitharaman, real estate stocks take a beating
10 months, 3 weeks ago

Interim Budget 2024: No support from finance minister Nirmala Sitharaman, real estate stocks take a beating

Hindustan Times  

Real estate stocks took a beating on February 1 after the interim Budget 2024 did not include any big bang announcements on the sector. A few real estate stocks took a beating on February 1 after the interim Budget 2024 did not include any big bang announcements on the sector. Budget announcement for middle class houses The government will launch …

Real Estate Budget 2024: 8 things the sector expects from the Finance Minister
10 months, 3 weeks ago

Real Estate Budget 2024: 8 things the sector expects from the Finance Minister

Hindustan Times  

Budget 2024 will be presented by Finance Minister Nirmala Sitharaman today. The real estate sector has sought an expansion of the definition of affordable housing, industry status for the real estate sector, tax sops for homebuyers as well as developers, increase in exemption on principal amount as well as the interest paid on home loans, and greater retail engagement in …

Budget 2024 expectations: Realty sector calls for policy tweaks, tax reliefs
11 months ago

Budget 2024 expectations: Realty sector calls for policy tweaks, tax reliefs

Live Mint  

Budget 2024 expectations: With Budget 2024-25 only days away, top real estate players lay stress on increased tax slabs and revised affordability caps in their wishlist. Acknowledging past reforms, Runwal called for an increase in the interest rate deduction cap to ₹5 lakh and a redefinition of affordable housing, particularly in metro cities. Additional proposals encompassing tax reliefs, single window …

Interim Budget 2024: What can it do for real estate?
11 months ago

Interim Budget 2024: What can it do for real estate?

The Hindu  

The Indian real estate sector, particularly housing, is at a critical juncture as we approach the Union Budget for 2024-2025. Considering the forward momentum seen in 2023, alongside global economic challenges and the stagnation in affordable housing, there are several key areas the sector should focus on in its demands from the upcoming budget. Real estate stakeholders therefore look to …

Real estate outlook 2024: Institutional investors may exercise caution when allocating capital into realty estate sector
11 months, 1 week ago

Real estate outlook 2024: Institutional investors may exercise caution when allocating capital into realty estate sector

Hindustan Times  

The real estate sector in India attracted over $5.8 bn institutional investments across 53 deals in 2023, a 14% percent increase compared to 2022. The share of institutional inflows from Americas, the conventionally highest contributor into Indian real estate, witnessed a significant dip of 23 per cent from 43 per cent in 2022, a report by JLL has said. The …

Challenges amid changing trends in real estate
1 year, 3 months ago

Challenges amid changing trends in real estate

The Hindu  

The real estate sector has been grappling with a lot of challenges in the past few years. Even though real estate is the second biggest employment in India and contributes to 7% of the GDP, it still doesn’t have an industry status. Top banks and financial institutions have reduced their exposure to the real estate sector making it difficult for …

Real estate’s GDP boost
1 year, 3 months ago

Real estate’s GDP boost

The Hindu  

As India marches forward on its path to becoming a global powerhouse, one sector stands tall as the vital engine of growth and employment: the real estate industry. During this year’s National Investiture Ceremony of Confederation of Real Estate Developers Associations of India, the Union Minister of Commerce and Industry, Piyush Goyal, acknowledged the role of real estate in India’s …

Real estate growing in Hyderabad, districts, say Credai Telangana new office bearers
1 year, 4 months ago

Real estate growing in Hyderabad, districts, say Credai Telangana new office bearers

Deccan Chronicle  

Hyderabad: Telangana state is on a growth path since its formation and growth is not restricted to just Hyderabad but is also rapidly percolating to the districts, said D. Murali Krishna Reddy, newly elected chairman of Credai Telangana. “The real estate sector has seen a robust demand in Hyderabad and other districts due to the proactive governance and focus on …

Why commercial real estate is emerging as the best investment option? Details
1 year, 6 months ago

Why commercial real estate is emerging as the best investment option? Details

India TV News  

In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. Let's take a look at why commercial real estate is increasingly being viewed as the best investment option in today's market, according to some of the industry's brightest minds. In the future, there will be more focus …

41 lakh homes in the pipeline in state
1 year, 7 months ago

41 lakh homes in the pipeline in state

Hindustan Times  

MUMBAI: Over 1.6 crore citizens are waiting for delivery of 41 lakh homes in the pipeline which has an estimated investment of ₹14 lakh crore, said Maharashtra Real Estate Regulatory Authority chairperson Ajoy Mehta emphasising why regulation was required from the government, and warned that Authority will not hesitate to use its powers to ensure developers comply with the statutory …

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth
1 year, 8 months ago

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth

News 18  

In recent times, economies across the globe have experienced post-pandemic disruptions, escalating geopolitical situations, and high inflation. This period was The residential real estate market in India made astounding progress in 2022, setting new sales records of 68 per cent YoY, further demonstrating the industry’s prominence as one of India’s fastest-growing sectors. The luxury real estate market will be a …

Affordable housing breaks ground
1 year, 9 months ago

Affordable housing breaks ground

The Hindu  

Affordable housing is predicted to play a big part in the expansion of the Indian real estate market this year. Affordable housing has become one of the most vibrant segments of the Indian real estate market. This highlights the crucial role that the real estate sector, particularly affordable housing, can play in boosting the country’s economy. Given India’s enormous housing …

Future of real estate market in India in 2023
1 year, 10 months ago

Future of real estate market in India in 2023

Live Mint  

The residential real estate market in India had astounding progress in 2022, setting new sales records of 68% YoY, further demonstrating the industry's prominence as one of India's fastest-growing industries. Real estate market in 2022 Hari Movva, Senior Vice President, SILA said despite the faltering economy we are currently experiencing, the real estate sector lived up to its best in …

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman
1 year, 10 months ago

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman

Hindustan Times  

The Indian real estate market saw a strong comeback post pandemic with the residential sector picking up demand amidst healthy economic growth, a Mint report states. The real estate sector is looking forward to budget 2023 to drive the demand for housing through tax relief and lesser stamp duty According to Gurmit Singh Arora, national president of Indian Plumbing Association, …

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal
1 year, 10 months ago

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal

Firstpost  

The year 2022 was a year of recovery and growth for the Indian residential market with tangible signs of revival and resilience, which is demonstrated in the growth of residential demand and supply across the country. With the effects of the pandemic stabilizing, the demand for rental homes also increased as offices and educational institutions reopened, especially in the first …

Union Budget 2023: Why real estate sector needs more incentives
1 year, 10 months ago

Union Budget 2023: Why real estate sector needs more incentives

India Today  

The rising construction costs and a hike in the repo rate in 2022 did not dampen consumer sentiments related to the real estate sector. However, the country's real estate sector has been facing a number of challenges in recent years, including a slowdown in demand, a lack of liquidity, and a lack of affordable housing. Boosting Green Building Technology The …

Budget 2023-24: Realty sector hopes for financial and policy impetus to sustain growth momentum
1 year, 10 months ago

Budget 2023-24: Realty sector hopes for financial and policy impetus to sustain growth momentum

Firstpost  

India’s real estate sector has risen like a phoenix and delivered a sterling performance in 2022 with residential sales increasing by more than 50 percent over the previous year. The real estate industry community is looking up to the Centre to provide financial and policy impetus to sustain growth momentum in the Union Budget for 2023-24. Revise I-T slabs, provide …

Union Budget 2023-24: Insights from a real estate sector perspective
1 year, 10 months ago

Union Budget 2023-24: Insights from a real estate sector perspective

Firstpost  

Are you consumed by thoughts of the upcoming Budget? To give you that perspective, here are some overarching themes from the recent past that are worth noting ahead of the upcoming Budget Four quadrants central to Budget Living up to its focus on Sabka Saath, Sabka Vikas, the Indian Government has continued to allocate significant resources to and focus on …

Budget 2023: Real estate sector's expectations from Finance Minister Nirmala Sitharaman
1 year, 10 months ago

Budget 2023: Real estate sector's expectations from Finance Minister Nirmala Sitharaman

India TV News  

Budget 2023: Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2023 on February 1. Real Estate Sector Expectations The real estate sector in India is one of the highest contributing sectors and the second-largest employment generator after agriculture. Co-working spaces have emerged as a major contributor to the commercial real estate sector and 10% on the receipts lead …

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM
1 year, 10 months ago

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM

News 18  

Real estate sector in India is expected to grow at a CAGR of 15%, from $60 billion in 2010 to $1,000 billion in 2030. Despite the rise in interest rates on home loans by more than two percentage points over the past year, housing sales have remained strong in 2022, in large part, because of the pent-up demand from the …

Union Budget 2023-24: What real estate sector expects from Finance Minister this year
1 year, 11 months ago

Union Budget 2023-24: What real estate sector expects from Finance Minister this year

Firstpost  

The growth of every industry in a nation is dependent on its Budget. Just like every other industry in the country, the real estate sector has its own wishlist for the Union Budget 2023-24. The Indian real estate industry’s market size was valued at Rs $120 billion in 2017 and is expected to touch $1 trillion by 2030, according to …

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt
1 year, 11 months ago

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt

ABP News  

The real estate sector exhibited a strong growth in 2022 after the decline in the pandemic and is now hopeful of continuing the upward trajectory. Across the nation, real estate developers are primarily expecting support in terms of higher tax exemption on the home loan interest under Section 24 up to Rs 5 lakhs from an existing Rs 2 Lakhs …

Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23
2 years, 7 months ago

Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23

News 18  

After being hit by the COVID-19 pandemic and coming to almost a standstill for two years, the real estate market has now started gaining momentum. The momentum is expected to continue in 2022-23 on the back of strong demand, and housing sales may jump around 12 per cent year-on-year in the current financial year, according to a report by India …

CBRE's Anshuman Magazine on real estate's future
2 years, 8 months ago

CBRE's Anshuman Magazine on real estate's future

Business Standard  

Ans: >First impact of Covid-lockdown was on the ongoing constructions>Another impact on the sector was investor decision-making becoming slow, because of the uncertaintiesAns:>Impact of the extended lockdown could have been much worse for the real estate sector>Recovery was substantial in a short period of timeAns:>Recovery witnessed in all segments of real estate>Recovery in the residential sector started picking up first, …

Indian real estate engine on the right track
2 years, 8 months ago

Indian real estate engine on the right track

The Hindu  

Despite the continued cyclical upswings and downswings of the COVID-19 pandemic, the Indian real estate sector has remained largely resilient. It is now showing signs of revival, on the back of India’s strong position as a driver of the global economy as well as promising growth projections across segments such as office, I&L, residential and alternative real estate segments. Technology …

Budget 2022 did little for Indian housing
2 years, 10 months ago

Budget 2022 did little for Indian housing

The Hindu  

As the stock markets turn somersaults and throw people’s investment portfolios into complete disarray, one asset class continues to be reliable and predictable. Even if it still seems like a distant possibility, ‘Housing for All’ is nevertheless a promise which speaks directly to the heart of every Indian. Give industry status to the entire housing sector so that developers can …

Budget 2022: Glad tidings for realty with continued focus on additional allocation
2 years, 10 months ago

Budget 2022: Glad tidings for realty with continued focus on additional allocation

Firstpost  

Union Budget 2022-23: Slew of reforms from both the demand and supply sides would have further strengthened the success of the initiative The real estate sector has seen a healthy revival in 2021, led by the ebbing effects of COVID-19 as well as measures adopted, such as stamp duty cuts, low-interest rates, and the push for affordable homes. The Budget …

Pre-Budget expectations from the real estate sector
2 years, 10 months ago

Pre-Budget expectations from the real estate sector

The Hindu  

The real estate sector in India is one of the country’s economic cornerstones, and it is the country’s second-largest business generator after agriculture, with more than 230 affiliated businesses. The nation’s real estate sector is pinning its hopes yet again on this year’s budget for some more relief in the measures. However, this year real estate sector’s budget wish list …

Budget 2022: Additional supply side reforms with higher incentives for home buyers can boost realty’s performance
2 years, 10 months ago

Budget 2022: Additional supply side reforms with higher incentives for home buyers can boost realty’s performance

Firstpost  

Union Budget 2022-23: Notwithstanding the various industry-specific amendments to the insolvency resolution laws, the implementation of the bankruptcy process for real estate companies remains a challenge In the recent past, schemes such as the Pradhan Mantri Awas Yojana have played a pivotal role in improving homeownership. Extend tax holidays for affordable housing beyond March ‘22 Incentives of extra deduction of …

Budget 2022: More Tax Benefits on Home Loans, Affordable Housing, Real Estate Changes to Expect
2 years, 10 months ago

Budget 2022: More Tax Benefits on Home Loans, Affordable Housing, Real Estate Changes to Expect

News 18  

Finance minister Nirmala Sitharaman will present the Union Budget for 2022-2023 on February 1, 2022. Hence, the real estate sector is seeking for tax sops, a review of the definition of affordable housing, reduction of long-term capital gains tax for real estate and new provisioning for rental housing, among others. 5 lakh along with removing the Rs 45 lakh cap …

Union Budget 2022-23: What real estate sector, homebuyers expect from govt
2 years, 11 months ago

Union Budget 2022-23: What real estate sector, homebuyers expect from govt

India Today  

The real estate sector has a host of expectations from the government as Finance Minister Nirmala Sitharaman gets ready to announce the Union Budget 2022-23. TAX RELIEF ON HOME LOANS This year the real estate sector wants the government to go beyond the usual expectation of single-window clearance and industry status. There is a specific need for income tax relief …

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