Budget 2026: Government Measures Could Ignite Real Estate Sector Growth

• Real estate sector seeks changes in affordable housing definition to boost demand, especially in urban areas.
• Experts suggest interest subsidies for first-time homebuyers to encourage property investment.
• Demands include rationalizing GST rules for under-construction homes and expediting project approvals to reduce delays.
• Industry calls for increasing home loan interest deduction limit under Section 24B from ₹2 lakh to ₹5 lakh.
• Granting industry status to real estate would allow access to concessional loans, boosting investment and project completion.

Why It Matters: Budget 2026 measures like revised affordable housing, GST changes, and industry status could significantly boost real estate.