Pre-budget expectation Quote on Real Estate Sector by Jash Choraria, Vice President - Investments & Credit and Chief of Staff, Crest Ventures Limited
Below the Pre-budget expectation Quote on Real Estate Sector by Jash Choraria, Vice President - Investments & Credit and Chief of Staff, Crest Ventures Limited
One of the most impactful measures would be an increase in the tax deduction limit on housing loan interest payments. The current cap of ?2 lakh has not been revised for several years, despite rising property prices and interest rates. A higher limit—say ?5 lakh—would not only provide significant relief to homebuyers but also stimulate demand, particularly in the mid- and upper-income housing segments. This step would make homeownership more accessible and could drive momentum in the residential market.
Another key expectation from the budget is the long-awaited granting of infrastructure status to the real estate sector. This move would lower borrowing costs for developers and attract institutional investments, enabling the industry to deliver affordable housing on a larger scale. Coupled with a robust focus on urban infrastructure, this reform could catalyze growth and strengthen the foundation for sustainable city planning.
We also hope for the introduction of a single-window clearance mechanism for real estate projects. Currently, developers face a labyrinth of approvals that often result in delays and higher costs. A streamlined process would not only enhance ease of doing business but also translate to more timely delivery of projects—benefiting both developers and homebuyers.
In addition, the affordable housing segment requires targeted incentives to bridge the demand-supply gap. Reducing GST rates or providing subsidies for affordable housing projects would encourage developers to cater to this critical market while ensuring affordability for buyers. The government’s focus on ‘Housing for All’ can be bolstered through such initiatives, addressing the aspirations of urban and rural populations alike.
Finally, liquidity and access to finance remain vital concerns. Measures such as reducing the cash reserve ratio (CRR) and other monetary policy interventions can inject liquidity into the system, allowing banks to offer more competitive home loan rates. This would directly benefit homebuyers and sustain the growth trajectory of the housing sector.
The real estate sector is integral to India’s economic engine, contributing significantly to GDP and employment. At Crest Ventures, we are committed to creating spaces that inspire and uplift communities while driving sustainable urban development. We look forward to a budget that empowers stakeholders across the value chain—developers, homebuyers, and investors—paving the way for a resilient and prosperous future."
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