Finance Minister Nirmala Sitharaman in her Budget speech said that the real estate sector will be given the status of an industry.
so that homebuyers can get relief. Keeping in mind the rising prices in big cities of the country, there has also been a demand to change the definition of affordable housing so that more and more people can get the benefit of government schemes. The real estate sector is also demanding a cut in stamp duty.
On February 1, Finance Minister Nirmala Sitharaman will present the budget for the financial year 2025-26. With this, the real estate sector of the country has a lot of hope so that new avenues of development can also be opened and long-standing challenges can also be solved. Many big leaders in the sector have expressed hope for a transformation in real estate to align with the country's economic growth and the government's goals of Housing for All. Apart from this, there has been a long-standing demand of the real estate sector that it should also be given the status of industry. There is also a demand to increase the tax exemption on home loans from Rs 2 lakh to Rs 5 lakh, so that homebuyers can get relief. Keeping in mind the rising prices in big cities of the country, there has also been a demand to change the definition of affordable housing so that more and more people can get the benefit of government schemes. The real estate sector is also demanding a cut in stamp duty.
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