Budget for Housing & Real Estate Sector

Union Budget 2025-26 is likely to be tabled in Parliament on February 1.

New realty LTCG regime may dampen prices, demand; return of cash may be limited: Experts

The removal of indexation may not only impact secondary transactions but also primary ones. They may also trigger a decline in demand for homes in the affordable or mid-range ticket sizes.

Budget tweaks on real estate tax: Who gains and who loses?

The new regime may also be beneficial for short-term property investors in metro markets, where the prices are appreciating quicker. Experts say these changes may hurt sentiments when it comes to investments in Tier II cities — where property prices appreciate much slower than in metros.

Real estate investments with shorter duration, moderate price growth to be hurt the most with indexation benefit removal: CLSA

The removal of indexation benefits will not be applicable to old properties held before 2001, and they will continue to get indexation benefits.

Which housing finance stocks will benefit from higher budget allocation for PMAY?

Housing has a high multiplier effect with a host of forward and backward economic linkages

Markets are not kind to Budgets: Moneycontrol analysis

A Moneycontrol analysis shows that markets have trended lower after Budget presentation on 13 of the last 18 occasions.

Long-standing demands remain unaddressed; PCBA duty hike to push up cost of services: Telco body COAI

COAI said the telecom operators’ long-standing demands remain unaddressed.

Budget 2024 focuses on tackling urban housing woes; experts say many issues remain unaddressed

Experts say the Union Budget has not addressed some of the key demands of the real estate sector, including granting of industry status, input tax credit, reduction of GST and single window clearance.

Sugar stocks tumble as Budget fails to address industry's top priorities

Shares of Avadh Sugar, Bajaj Hindusthan, EID Parry, KCP Sugar, Rajshree Sugars, Sakthi Sugars, Ugar Sugar Works, and Uttam Sugar fell 2-4 percent following the Budget announcement.

No increase for PM-Kisan in Budget 2024

Overall outlay under the Pradhan Mantri Kisan Samman Nidhi programme increased xx percent compared with Rs 60,000 crore allocation under the interim budget and just over Rs 58,000 crore in FY24.

FM removes indexation benefit for property sales, reduces long-term capital gains tax in Budget

Finance Minister Nirmala Sitharaman announced the removal of the indexation benefits for the sale of property in the Union Budget,Owing to the removal of indexation, property sellers will not be able to inflate the sale price of the property

India GDP Growth Forecast: FM pegs nominal GDP growth at 10.5%

India’s nominal GDP expanded 9.6% in FY24 from 14.2% in the previous year.

Real estate stocks decline as Budget 2024 removes indexation benefit on long term capital gains tax; DLF down 6%

The Finance Minister, in a bid to rationalise the capital gains tax regime, changed the Long Term Capital Gain tax rate to 12.5 percent across all financial and non-financial assets, but removed indexation benefit.

Encourage states to lower stamp duty, including property purchases by women: Finance Minister

The Union government has long flagged high stamp duty rates as the reason for the high home prices, relatively low rates of property ownership, as well as the rampant "black money" dealings in the sector.

FM Sitharaman allocates Rs 15,000 crore for Andhra Pradesh infrastructure, development of Amaravati

This comes as a major push to the real estate sector in Amravati after CM Chandrababu Naidu announced on June 11 that Amravati would be the sole capital of Andhra Pradesh.

Finance Minister proposes to exempt customs duty on 25 critical minerals in Budget 2024

India is heavily dependent on imports for most of the critical minerals, with a few exceptions like copper, gallium, graphite, cadmium, phosphorus, potash and titanium

Government to invest Rs 10 lakh crore in Pradhan Mantri Awas Yojana

The PMAY scheme was launched in June 2015, it aims to provide pucca houses with basic amenities to all eligible urban beneficiaries.

Realty, HFC stocks gain after FM announces capex, rental housing allocation in Budget 2024

Realty stocks gain after FM Sitharaman announced Rs 11 lakh crore capex outlay and Rs 10 lakh crore allocation for rental housing.

Real estate sector pins hope for industry status, push for affordable housing in budget

Real estate experts anticipate several reforms, including a simplified single-window clearance system, tax rebate on housing loan interest and revision in the GST input tax credit rules in the Union budget 2024 will further boost the sector.

DLF, Macrotech, other realty stocks in focus as sector awaits tax relief, Industry status in Budget 2024

Budget 2024 is expected to significantly enhance the real estate sector with industry status, tax reliefs, and reforms to boost affordable housing and project funding.

Oil and gas industry hopeful for announcements to boost production, inclusion in GST in Budget 2024

To boost gas consumption in industrial and domestic sectors, the industry suggested that LNG imports should be exempted from payment of customs duty to provide relief to gas-based industries and domestic consumers.

Tier 2, 3 cities now home to 45% of startups in India

From around 300 in 2016, the number of DPIIT-recognised startups has increased to more than 1.25 lakh, the Economic Survey says

PMAY 2.0 to LTCG tax reduction here are key take aways for real estate sector from Budget 2024

While the country's real estate growth remains upbeat, reflected by historically high sales in 2023, several underlying issues, including high interest rates and lower affordability, continue to pose challenges.

Budget 2024: Will Nirmala Sitharaman's 7th Budget revive the shrinking affordable housing segment?

Share of affordable housing sales decreased from 37 percent five years ago to 20 percent in 2023.

Budget 2024: Auto sector betting on higher allocation for rural spend, FAME III rollout

Union Budget 2024: A specialized PLI plan for recycling lithium-ion batteries is also being proposed to boost adoption

Budget 2024: Realty firms eye tax relief, redefining of affordable housing

The realty sector has thrived in 2024, with strong demand driving cash flows and boosting property developers' balance sheets. Industry players eye the upcoming Budget for further incentives and growth opportunities.

Recycling industry body demands zero duty on aluminium scrap imports

According to the Material Recycling Association of India (MRAI), the recycling process of aluminium scrap emits only 0.3 million tonnes (MT) of Co2 on per tonne of production compared to 14 tonnes of carbon emissions on the production of 1 MT of aluminium through smelters route which involves maintaining of coal-based capacities for power supply.

Union Budget 2024: Will this year be affordable housing’s big comeback?

Budget 2024-25: Affordable housing is on the cusp of sustained growth and all it needs is continued government push.

Current GST rate for PVs outdated; needs a relook: JSW MG Motor India CEO Emeritus

The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain and total cost of ownership while formulating policies on the auto sector, he added

Budget 2024: Coworking, senior living sectors anticipate major policy reforms

Experts add that the upcoming budget can consider lowering the GST rate for small-scale coworking clients, which will incentivise startups, expand the sector's reach and ultimately benefit government revenue.

Budget 2024 | Study abroad consultants anticipate more partnerships with foreign universities

The latest edition of the Open Doors report showed that China sent 2,89,000 students to the US in 2022-23 (a decline of 0.2 percent from 2021/22). India reached an all-time high of 268,000 students in 2022-23, an increase of 35 percent from the previous session.

Budget 2024: Real estate sector demands industry status, tax rebate on housing loan interest

Budget 2024: Builders have also demanded that tax rebate on housing loan interest should be enhanced to a minimum of Rs 5 lakh. Developer bodies like NAREDCO have demanded the roll out of the second tranche of the SWAMIH fund.

Nasscom calls for lighter taxation environment to support tech industry

Budget 2024 Expectations Highlights: Nasscom, representing India’s $200 billion technology industry, advocates in the Union Budget for raising safe harbour eligibility thresholds in international transactions from the current Rs 200 crore to a minimum of Rs 2,000 crore.

Targeted spending, infrastructure revamp likely as FM Sitharaman presents Budget on July 23

Budget 2024 Expectations Highlights: Ahead of her upcoming presentation of the seventh Union Budget on July 23, FM Sitharaman concluded consultations with industry and social sector representatives on July 7.

Budget promises to set up 2 crore affordable houses in 5 years

In her budget 2024 speech she also said that the Centre has achieved a target of three crore houses in rural areas under Pradhan Mantri Aawas Yojana (Rural). Central government will also bring scheme to help housing for middle classliving in rental or slums or unauthorised colonies to "buy or build" their own houses.