Thumbs Up or Down? Here's How Top Realtors are Reacting Post Budget 2025

Aman Sarin, Director & Chief Executive Officer, Anant Raj

“The Union Budget 2025-26, presented by the Finance Minister, reflects the government’s commitment to holistic economic growth, addressing key sectors such as agriculture, infrastructure, exports, entrepreneurship, and ease of doing business. It is a well-balanced budget that not only promotes macro-level economic stability but also delivers direct financial relief to individuals and industries.

For the real estate sector, the government has reinforced its support for stalled housing projects through the SWAMIH Fund, ensuring the timely completion of financially stressed projects. This initiative will provide relief to lakhs of homebuyers who have been waiting for possession, instilling renewed confidence in the sector and boosting overall housing demand.

A major highlight of the budget is the introduction of significant tax relief measures, marking one of the most notable savings opportunities for taxpayers in recent years. With enhanced disposable income, individuals will have greater purchasing power, improving affordability in the housing market. This is expected to drive higher demand in the affordable and mid-segment housing categories, as potential homebuyers will find it easier to service home loans and invest in real estate”.

Ramani Sastri, Chairman & MD, Sterling Developers

“The government's concentrated efforts on infrastructure development promises to significantly enhance housing demand and benefit around 250 ancillary industries, generating numerous job opportunities and bolstering overall economic growth. The establishment of the India Infrastructure Fund and emphasis on Public-Private partnership for infrastructure in the budget is also a game-changer for the real estate industry. The establishment of an Urban Challenge Fund of ₹1 lakh crore will fuel the ongoing momentum in rebuilding urban infrastructure and drive greater demand for real estate in the urban and semi-urban areas. SWAMIH Fund 2 is a much welcome step and will definitely help complete a number of stranded projects, thereby meeting the housing demand and enhance liquidity in the real estate sector. Also, the change announced in Budget 2025 allowing taxpayers to claim the annual value of two self-occupied properties as zero will provide significant tax relief, reduces compliance burdens, and encourages homeownership by making it more affordable for middle-class families, without having to pay income tax on notional rental values of self-occupied homes. While the budget has lent an indirect boost to real estate, it could have fulfilled a few other key expectations for the sector. The budget could have also offered a degree of relief to first-time homebuyers to stimulate the real estate sector. Going forward, the sector is in urgent need of tax breaks, single-window clearance, industry status tag etc which remains paramount for sustaining the upward trajectory of the Indian real estate market”.