India, Dec. 19 -- Real estate industry body, the Confederation of Real Estate Developers' Associations of India, has urged the government to revisit the definition of affordable housing and extend tax incentives to developers in the Union Budget 2026. It said the existing price cap of Rs.45 lakh is no longer realistic and should either be scrapped or raised to Rs.90 lakh. The association also called for tax relief for real estate companies undertaking affordable housing projects to boost supply and viability.

"We have been demanding a change in the definition of affordable housing. The input cost has increased since 2017 when the Rs.45 lakh cap was introduced," CREDAI National president Shekhar Patel told reporters at the national concla...