Post budget Quote on Real estate and Infrastructure

Vidip Jatia - Managing Director, Supreme Holdings & Hospitality India

"The Union Budget 2025 takes a bold step toward boosting consumption-driven growth, making homeownership more attainable than ever. Increased tax incentives, housing subsidies, and enhanced credit access are set to turn dreams into reality for aspiring homeowners. The government's strong push for infrastructure development—with higher allocations for roads, railways, and urban expansion—will not only enhance connectivity but also fuel the rise of new micro-markets across the country, unlocking fresh economic opportunities. This budget paves the way for a resilient, self-reliant, and growth-oriented India!"

Mr. Venkatesh Gopalakrishnan - Director Group Promoter’s Office, MD, Shapoorji Pallonji Real Estate (SPRE)

“The Union Budget 2025 introduces strategic measures to strengthen India's housing and urban development sectors. The sustained support for Pradhan Mantri Awas Yojana, alongside the government maintaining its robust capital expenditure trajectory with an increased allocation of ?11.21 lakh crore, demonstrates a comprehensive approach to infrastructure development. This consistent capex commitment, coupled with expanded infrastructure investments, creates a strong foundation for real estate growth. The Income Tax reforms, which include relief on incomes up to ?12 lakhs for the middle class, put more disposable income in the hands of the middle class, enabling them to direct funds toward both housing investments and consumer spending. This increased liquidity naturally stimulates housing demand while generating broader economic activity. Furthermore, the budget's focus on sustainable construction practices positions the sector for long-term growth by aligning with global environmental standards. These coordinated policy measures enhance market dynamics by expanding participation across income segments while fostering sustainable development practices.”

Mr. Ranjit Naiknavare - CREDAI Pune Metro President

"The budget’s focus on strengthening the rural economy, supporting MSMEs and providing direct tax benefits to the middle class is a welcome move that will drive economic growth and increase disposable income. The reduction in the fiscal deficit target from 4.8% to 4.4% is a positive step, while the rise in capital expenditure from ?10 lakh crore to ?12 lakh crore is commendable. The expedited processing of company mergers will improve the ease of doing business and the new tax bill—aimed at reducing litigation by streamlining existing laws—is a step in the right direction. Additionally, the decision to allow 100% FDI in insurance is a significant and much-needed reform. The government’s strong emphasis on urban development, including the creation of new funds amounting to nearly ?1 lakh crore and a renewed push for infrastructure through PPP projects, will enhance urban livability and drive long-term growth. The SWAMIH Fund I has already enabled the completion of nearly 90,000 housing units by the end of 2025. With the launch of SWAMIH Fund II, an additional ?15,000 crore has been allocated to facilitate the completion of 1 lakh homes from stalled projects, further boosting the housing sector. The increase in the income tax exemption limit to ?12 lakh is a major relief for the middle class. Likewise, the hike in rental TDS from ?2.2 lakh to ?6 lakh and the removal of notional rent on a second self-occupied property are positive changes. These measures will encourage homebuyers, particularly those looking to invest in additional or second homes, while fostering positive sentiment in the real estate market. However, the sector had anticipated further initiatives, such as increased incentives to stimulate demand for affordable housing, GST reductions or additional income tax benefits, a higher cap on home loan interest exemptions—which has remained unchanged for years—and a revised definition of affordable housing based on minimum dwelling unit size rather than a fixed ?45 lakh value nationwide. These measures could have provided additional momentum to the market and improved housing affordability. Overall, this remains a progressive and forward-looking budget. Its impact is expected to support the real estate ecosystem and further drive housing demand."