India, Jan. 29 -- The real estate sector is seeking an enhancement of the monetary limit of affordable housing from the current Rs.45 lakh to at least Rs.75 lakh to a crore, a reinstatement of the tax deduction for affordable housing projects and rationalising input credits to developers under GST that would help reduce project costs and potentially lower property prices for buyers, Grant Thornton Bharat has said in its Pre-Budget 2025 expectations survey.

The real estate sector is pressing for an increase in the monetary cap for affordable housing from the current Rs.45 lakh to Rs.75-100 lakh, considering rising construction costs and inflation.

As for direct tax incentives for real estate developers, the sector wants the government to...