Browsing Tag

property market

38 posts

Tax Exemption Boosts Housing Demand in Tier 2 Cities, Supply Yet to Catch Up

The recent Union Budget’s income tax exemption for individuals earning up to ₹12 lakh annually is expected to boost demand for affordable housing, particularly in Tier 2 cities. While sales continue to rise, a supply crunch due to fewer new project launches remains a challenge. Experts suggest that reinstating the 100% tax deduction on profits from affordable housing projects under Section 80-IBA could help bridge the gap between demand and supply, ensuring balanced market growth.
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.
Mumbai

Mumbai’s Real Estate Market Shows Signs of Stagnation as Property Registrations Plateau

Mumbai’s real estate sector appears stagnant as property registration data for January 2025 reveals minimal growth compared to the same period last year. With just six more registrations than in January 2024 and stable stamp duty collections, the market shows no signs of significant movement or price appreciation.
Foreign universities in India could save US$113 billion in forex, serve over 560,000 students and create 19 million sq ft of education real estate demand, says a Deloitte–Knight Frank report.

Peripheral Areas Outshine Mumbai’s Prime Locations in Residential Price Appreciation

Mumbai Metropolitan Region (MMR) is witnessing a shift as peripheral areas like Panvel and Virar are outpacing prime locations such as Worli in residential price appreciation. Enhanced connectivity, improved infrastructure, and affordable housing are driving this growth, making suburban areas increasingly attractive to homebuyers and investors.
Rental residential market

Rents Surge 7.4% QoQ Across Major Cities, Rental Yields Increase to 3.62%

Rental prices in major cities across India saw a significant increase of 7.4% quarter-on-quarter (QoQ) between July and September 2024, marking the highest rise in two years. Chennai, Delhi, and Thane led the charge, with sharp rent hikes driven by high demand and limited supply. Meanwhile, rental yields averaged 3.62%, with Ahmedabad recording the highest yield. The report highlights a growing imbalance between rental demand and supply, which is expected to continue influencing prices in the coming quarters.