Real Estate Sector Seeks Affordable Housing Limit Hike, Tax Benefits in Budget 2025

The real estate sector has called for a revision of the affordable housing limit in the Budget 2025 to enable more tax benefits. The current limit restricts the number of affordable housing projects that qualify for tax exemptions and benefits, and stakeholders believe that raising this limit will encourage further investments in affordable housing. In addition, there are requests for reductions in GST on housing projects and higher tax exemptions for buyers. These measures would help address housing affordability and stimulate growth in the real estate sector.