With the Union Budget just days away, India’s real estate sector is buzzing with anticipation. Experts are calling for bold moves to make housing accessible, supercharge urban infrastructure, and pioneer asset tokenization. As home prices soar across cities, the industry sees the upcoming fiscal plan as a golden opportunity to reset the market.
Real estate leaders emphasize expanding the affordable housing cap from Rs 45 lakh to Rs 80 lakh or even Rs 1 crore. This adjustment would unlock a wave of new projects tailored for the middle class, easing the dream of homeownership amid skyrocketing costs. ‘It’s time to recalibrate definitions to match today’s realities,’ one expert noted, predicting a surge in supply that benefits buyers and builders alike.
Urban development demands top priority too. With choking air pollution, strained water resources, and mounting waste challenges, cities need robust funding for smart infrastructure. Increased allocations could transform urban living standards, drawing investors back to realty with renewed confidence. Picture cleaner skies, efficient waste systems, and resilient roads – all within reach if the budget delivers.
Homebuyers seek deeper tax breaks on loans, while sustainable projects crave incentives. The big game-changer? A framework for asset tokenization, allowing small-scale investments akin to mutual funds. This could democratize real estate, letting retail investors own fractions of properties via blockchain tech.
Finance Minister Nirmala Sitharaman will unveil the budget on February 1 at 11 AM, marking the first Sunday presentation since 2000. Last year’s Saturday reveal set a precedent, echoing 2015’s weekend budget under Arun Jaitley. Stakeholders watch eagerly, hoping for measures that propel growth and inclusivity.