rental housing Archives - Square Feat India

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MHADA to Build 8 Lakh Homes in 5 Years Under Affordable Housing Plan

MHADA will construct 8 lakh affordable homes by 2030, aligning with NITI Aayog’s recommendations. Deputy CM Eknath Shinde announced the plan during a housing lottery event in Thane, where 2,147 homes and 117 plots were allotted. The government is also introducing a new housing policy, focusing on rental housing, hostels, and redevelopment projects to expand affordable housing options.

SquareFeatIndia
February 5, 2025
2 minute read

Nirmala Sitharaman to present the union budget

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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.

SquareFeatIndia
February 1, 2025
4 minute read

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NAREDCO Submits Budget Recommendations to Boost Real Estate Sector

NAREDCO, has submitted detailed recommendations for the FY 2025-26 Union Budget. The proposals focus on increasing funding for affordable housing, granting infrastructure status to the housing sector, improving urban infrastructure, and expanding rental housing. NAREDCO also suggests tax reforms and incentives to boost demand and support sustainable growth in the real estate industry.