Reaction of Mr. Ashish Puravankara, Managing Director, Puravankara Limited on Union Budget 2025

New Delhi, February 01, 2025: The Union Budget 2025-26 is a strong and progressive one for the real estate sector, driving economic growth and urban transformation. 

The rationalisation of income tax slabs, raising the exemption limit to ₹12 lakh, revision of tax structure up to Rs. 24 lakhs, and increasing rental TDS thresholds will boost disposable income. The tax exemption on notional rent for a second self-occupied home is a significant relief, encouraging investment in real estate. Coupled with a higher standard deduction, these measures will drive housing demand, particularly in the affordable and mid-segment categories. 

We welcome the ₹1 lakh crore Urban Challenge Fund, which will spur housing and private sector participation. The ₹15,000 crore SWAMIH Fund-2 will help complete 40,000 stalled units, boosting consumer confidence. Expanding UDAN’s connectivity to 120 destinations will drive Tier-2 market growth. With policy continuity and economic expansion, this budget reinforces real estate as a key pillar of India’s $5 trillion economy journey.

Corporate Comm India (CCI Newswire)