New Delhi, Feb. 1 -- The Union Budget 2025-26 is a strong and progressive one for the real estate sector, driving economic growth and urban transformation.

The rationalisation of income tax slabs, raising the exemption limit to Rs.12 lakh, revision of tax structure up to Rs. 24 lakhs, and increasing rental TDS thresholds will boost disposable income. The tax exemption on notional rent for a second self-occupied home is a significant relief, encouraging investment in real estate. Coupled with a higher standard deduction, these measures will drive housing demand, particularly in the affordable and mid-segment categories.

We welcome the Rs.1 lakh crore Urban Challenge Fund, which will spur housing and private sector participation. The Rs.1...