Budget Falls Short In Addressing Real Estate Needs: Credai Hyd

Hyderabad: The Hyderabad chapter of Confederation of Real Estate Developers’ Association of India (Credai) said that the Union Budget 2025 falls short in recognising the real estate sector’s role in employment generation and the economic growth of the country, while the Finance Bill 2025 has not addressed the pressing needs of the sector.

The apex body has urged the government to take a serious approach in laying down reforms for the real estate sector and recognise the role this sector plays in achieving India’s ambitious target of $4 trillion economy.

“As the voice of the real estate industry, Credai Hyderabad will continue to advocate for progressive policies that foster sectoral growth, generate employment, and contribute to national economic expansion. We call upon policymakers to engage in meaningful dialogue with industry stakeholders to ensure that the real estate sector receives the support it deserves,” president of Credai- Hyderabad, V Rajashekar Reddy, said.

Reddy further said that Credai is looking forward for the details of the Income Tax Bill that will be announced next week. “We hope for favourable provisions that will drive a boom in the real estate sector,” he added.

Listing down their concerns the real estate developers said that targeted measures such as enhanced tax deductions on home loans and reduced GST on construction materials, would have significantly boosted sectoral growth. Credai finds the allocation of Rs 1 lakh crore for urban development as insufficient to address the rising infrastructure demands of an urbanising India.

Credai Hyderabad also urged the government to introduce more comprehensive policies such as interest subvention schemes and relaxation of mortgage conditions, to make homeownership accessible to a larger population. As the real estate sector has a direct impact on its ancillary industries, including cement, steel, and construction technology, the apex body called for introducing policies that support these industries, such as production-linked incentives, which will lead to a positive impact on the economy.