The real estate sector is looking forward to much-needed reforms in Budget 2025. One of the key hopes is a reduction in GST on brokerage services from 18% with input credit to 5% without input credit, which would ease the financial burden on both buyers and brokers. There`s also growing anticipation for higher tax exemptions on home loans, better incentives for affordable housing, and faster approvals for sustainable developments. These steps could make homes more affordable, improve cash flow in the market, and attract more investments. Additionally, reducing stamp duty and registration fees, along with lowering home loan interest rates”especially for first-time buyers”would go a long way in making homeownership a reality for many and driving growth in the sector.
Amit Chopra, President NAR India