New Delhi, Jan. 31 -- As we approach the Union Budget 2025-26, the real estate sector looks forward to policy initiatives and reforms that can drive growth, enhance affordability, and address long-standing industry challenges. The sector, a critical contributor to the nation's GDP and a significant employment generator, requires sustained focus and support to maintain its upward trajectory.

1) Boosting Housing Affordability:

To ensure the success of initiatives like PMAY-U, it is imperative to increase budgetary allocations for affordable housing and expand credit-linked subsidies. Additionally, revising income tax deduction limits under Section 24(b) for home loan interest from Rs.2 lakh to Rs.5 lakh can further enhance housing afford...