New Delhi, Jan. 31 -- With the Union Budget 2025-26 around the corner, the real estate sector is keenly anticipating measures that will bolster growth and address critical challenges. Here are a few key expectations from the government to ensure sustainable progress and greater housing accessibility:

Enhanced Tax Benefits for Homebuyers

We urge the government to consider increasing the tax exemption limit on home loan interest under Section 24(b). Enhancing these benefits will significantly improve affordability for first-time homebuyers, especially in urban and semi-urban regions, where property prices remain high.

GST Rationalization

A unified and lower GST rate for under-construction properties will provide much-needed relief to h...