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Below the Quote on Budget Expectations 2025 by Mr Shrinivas Rao, FRICS, CEO, Vestian 

“Elevated borrowing costs amid sticky inflation led to a sharp rise in construction costs in 2024. These costs are expected to further increase on the back of supply chain disruptions due to increasing geopolitical conflicts. Amid rising costs and a demand slowdown, the real estate sector’s expectations from the upcoming budget are at an all-time high. Rise in tax exemption limit for housing loans, granting ‘Industry’ status, amendments in GST input tax credit regulations, boost in affordable housing sector by broadening the definition, and easing liquidity by policy reforms are some of the broad expectations from the upcoming Union Budget 2025-26.”

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