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Union Budget 2025: Industry Experts Seek Tax Incentives to Boost REITs and Green Buildings
Update / Judgement Date
22 Jan 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Industry experts are urging the government to introduce tax incentives in the 2025 Union Budget to support the growth of Real Estate Investment Trusts (REITs) and green buildings. Experts believe that targeted tax breaks would stimulate investments in these sectors, contributing to sustainable urban development. REITs have gained significant momentum in India, with several large commercial properties being listed, but experts argue that tax advantages could further incentivize institutional investors. Similarly, promoting green buildings through favorable taxation would align with global sustainability goals. They emphasize the importance of creating a favorable policy environment, enhancing infrastructure investments, and improving the ease of doing business to ensure long-term growth and eco-friendly development in India's real estate sector.