Browsing Tag

Affordable housing

121 posts
Nirmala Sitharaman to present the union budget

Budget 2025: Tax Relief on Two Homes, ₹15,000 Cr SWAMIH Fund & Urban Growth Push Real Estate Forward

The Union Budget 2025-26 brings significant tax relief for homeowners, allowing tax exemptions on two self-occupied properties instead of one. This progressive move enhances homeownership benefits, reducing notional rental tax burdens and making real estate investments more attractive. Additionally, the budget introduces a ₹15,000 crore infusion into the SWAMIH Fund to accelerate stalled housing projects, boosting market confidence. With zero income tax up to ₹12 lakh, middle-class disposable income is set to rise, fueling housing demand. However, industry experts highlight the need for further reforms, including home loan interest deductions and streamlined approval processes, to maximize sectoral growth.
MHADA

MHADA to Build One Lakh Homes in Two Years Under Maharashtra’s Affordable Housing Initiative

Maharashtra government, through MHADA, is set to develop one lakh affordable homes statewide within two years. The initiative includes rental housing, hostels, and eco-friendly redevelopment. A recent Pune Board lottery for 3,662 homes received overwhelming participation, reaffirming public trust in MHADA’s transparent allocation system.
Nirmala Sitharaman to present the union budget

Developers Look to Union Budget 2025-26 for Growth-Oriented Real Estate Policies

As the Union Budget 2025-26 approaches, the real estate sector is optimistic about reforms to boost growth, address urban housing challenges, and improve homebuyer confidence. Developers advocate for raising the price cap on affordable housing, increasing PMAY allocations, providing tax benefits, and promoting sustainability initiatives to transform India’s urban landscape.
Affordable housing

Affordable Housing Crisis: Will Budget 2025-26 Turn the Tide?

India’s affordable housing segment, once a cornerstone of the real estate market, has witnessed a sharp decline, with its supply share dropping from 40% in 2018 to just 16% in 2024. Anuj Puri, Chairman of ANAROCK Group, highlights how changing buyer preferences, rising input costs, and diminishing government incentives have impacted this critical sector. With the Union Budget 2025-26 around the corner, there is hope that decisive policies and renewed focus could revive affordable housing and restore balance to the housing market.
MHADA

MHADA Konkan Board to Conduct Lottery for 2,147 Flats, 110 Plots on February 5

The MHADA Konkan Board is set to hold a computerized lottery on February 5, 2025, for the sale of 2,147 flats and 110 plots across Thane, Raigad, and Sindhudurg. With over 24,900 applications submitted, the lottery reflects MHADA’s commitment to transparent and efficient housing allocation in Maharashtra.