Union Budget 2025 reaction From Mr. Sachin Bhandari, Executive Director and CEO, VTP Realty

New Delhi, February 01, 2025: The New Income Tax Bill 2025 is a landmark move that will significantly uplift the real estate sector. With no tax up to ₹12 lakh income and rationalisation of income tax slabs for higher income slabs, will lead to rise in disposable income. This will create a positive sentiment across the board for all segments, thus fuelling a demand for homes. It will not only give rise to the ₹60-70 lakh segment but also the larger luxury homes segment. Higher-income groups will also invest in multiple homes, larger and luxurious residences given their enhanced purchasing power. The outskirts of major cities will witness a surge in demand for homes, making first/new homeownership as well as MULTIPLE homes ownership more accessible. This Budget is a strong catalyst for real estate growth, especially for cities like Pune and also Tier-2 Tier 3 will also become future hotspots. Both value housing and luxury residences will see accelerated demand, shifting focus beyond metro cities like Mumbai, Delhi, Bangalore and fuelling sustained growth.

Increase in the TDS limit for Rental properties and multiple home ownership will further fuel the demand and growth in the real estate.
– Other initiatives like Agri and MSME sectors and the promotion of the Top 50 Tourist destinations in India, will fuel the growth in the real estate sector.
– With the extension of SWAMIH Fund of 15000 Cr corpus, 1 lac residences would be benefited with faster possession of homes, which is a great news for customers all over.
– Further initiatives like PM Research Fellowship and R&D Innovation initiative will boost mission Viksit Bharat and is a must for the youth.

– Another Noteworthy initiative is the modernization of land records and urban planning under the National Geospatial Mission. This is very critical and if executed properly will ensure smooth execution of all urban and rural infra developments across India.

Corporate Comm India (CCI Newswire)