Real State quotes on budget for Builders Friend Magazine

Ajjay Parge, Founder, Qubit India,  

"Affordable housing in India has been a hiccup in the real estate sector over the past two years, with the availability of homes under ₹1 crore shrinking by 36%. To narrow the housing gap within the affordable segment and to maximize market potential, the government has provided the much needed push by addressing the existing challenges on both the demand and supply sides. The proposed ₹15,000 crore SWAMIH Fund 2, which is a blended finance facility with contributions from the government, banks, and private investors, directly addresses these challenges by unlocking liquidity for stalled projects and ensuring the completion of 1 lakh housing units.

On the supply side, it will relaunch stalled projects, helping developers complete homes efficiently and reduce financial distress in real estate. On the demand side, it gives much-needed relief to middle-class families dealing with both loan payments and rent, thus ensuring more affordable housing options.

With India's affordable housing shortage projected to reach 31.2 million by 2030, targeted financial support is essential to align affordability with availability. This initiative not only strengthens the real estate sector’s resilience but also helps affordable housing segment to align with the growth trajectory of luxury housing, advancing India toward a $4.8 trillion real estate market by 2047, contributing 18% to the projected" $26 trillion GDP."

Mr Rohit Gera, Managing Director, Gera Developments on the real estate sector:

The changes in personal tax slabs and rebates will significantly boost disposable income, enhancing homebuyers' affordability. With more disposable income available, buyers can allocate higher amounts toward EMIs, enabling them to purchase larger homes or homes in better locations.Dual-income families aiming for homes priced between ₹80 lakh and ₹1.25 crore will experience the most significant affordability improvement. Given that homes typically cost between 4-5 times annual income, families in this segment would need an income of ₹16-20 lakh for an ₹80 lakh home and ₹25-30 lakh for a ₹1.25 crore home.This increased disposable income enhances loan eligibility, making homeownership more accessible.A simplified direct tax code that is easier to understand and comply with is also welcome.  We look forward to the introduction of the new Income Tax bill, which is being announced next week.

Sujit Mule, MD, Rachana Construction Limited quotes from Union Budget 2025

Public-Private Partnership & Urban Growth:

"The ₹1 lakh crore Urban Challenge Fund marks a new era in infrastructure development, enabling cities to evolve into economic hubs. By prioritizing public-private partnerships (PPPs), this initiative will unlock scalable, bankable projects, transforming urban India into a global investment destination."

Make in India & Industrial Infrastructure:

"India’s infrastructure push, coupled with ‘Make in India,’ is setting the stage for a self-reliant economy. The focus on Tier-2 cities as future industrial hubs will strengthen manufacturing capabilities, attract global investments, and accelerate economic decentralization."

Solar & Clean Energy Projects:

"With India’s ambitious clean energy transition, solar projects must become the backbone of sustainable infrastructure. Strategic investments in solar parks and hybrid renewable models will drive energy security while positioning India as a global leader in green infrastructure."

Nuclear Energy & Future Power Needs:

"The Nuclear Energy Mission is a game-changer in India’s quest for sustainable power. Amending the Atomic Energy Act to encourage private participation will accelerate the adoption of Small Modular Reactors (SMRs), strengthening our energy mix for long-term growth and stability."

Shipbuilding & Naval Infrastructure:

"Shipbuilding and maritime infrastructure are crucial for India’s economic and strategic positioning. With the right policy support, shipbuilding and decommissioning initiatives can drive exports, boost local manufacturing, and create thousands of high-skilled jobs."

Aman Gupta, Director, RPS Group

SWAMIH has been expanding its focus from the completion of stressed housing projects by completing 50,000 dwelling units to a goal of completing 40,000 dwelling units by 2025. The government’s increased focus on solving the middle-class urban housing dilemma is further evident from the establishment of SWAMIH Fund 2 with a blended approach, which aims to collect ₹15,000 crores. This is a great step towards completing pending projects and alleviating the pain for millions of families managing both EMIs and rent.

Sandeep Mangla, Managing Director, Forteasia Realty Pvt. Ltd.

Fund 2 of SWAMIH represents sophistication in the evolution of real estate financing systems. This allows for effective blended finance which involves contributions from the government, banking systems, and private organizations. All of this provides a solid foundation for completing the projects. The goal of completing additional units set at one lakh is very bold, but will greatly aid in the recovery and growth of the housing sector.

L.C. Mittal, Director, Motia Builders Group

Deductions related to two self-occupied properties treated as taxable to the tune of zero is a remarkable shift captivating the nuances of real estate ownership within urban India. This policy will greatly benefit property owners whose personal and professional commitments span two or more metros, as it alleviates their tax liabilities while keeping pace with the realities of modern day living.

Zafeer Ahmed ,Managing Director, XRE Consultants

It is refreshing to note that the government has carefully structured this three year plan on infrastructure related to projects from public private partnerships, as this will yield significant returns over a longer period. This broad vision is also applicable to enhancing air cargo infrastructure, where upgrading of warehousing facilities to accommodate high quality perishable horticulture produce is greatly anticipated. It is expected that extending fifty year, interest free loans will aid in persuading the states to spend heavily without aggravating their budgets. It is anticipated that this strategy on infrastructure development like road, transport and logistics in the economy will attract private sector funding as well as accelerate growth. That the government is keen on building a comprehensive, multi-layered infrastructure system, relative to ground and air infrastructure investment depicts the commitment of the government to develop the country. With this type of detailed planning coupled with funding, it is believed that states will be able to strengthen public-private partnerships while establishing a long lasting infrastructure which augments India’s logistics across the board.

Anurag Goel, Director, Goel Ganga Developments

Expanding existing projects and starting a new fund marks strategic planning when attempting to solve problems in the real estate industry. Mounting liquidity in the market alongside easing some pressure on homebuyers is bound to happen with the completion of 90,000 units by the year 2025. These changes in tax policy for those who occupy the properties reveal an emergent comprehension of the housing sector today.

Saurabh Tyagi, Co-Founder and CEO of PropChk

The nuanced understanding of market dynamics is evident from the comprehensive approach taken on real estate sector reforms involving completion of projects under SWAMIH and changes to the tax policy. After the successful delivery of 50,000 units and 40,000 in supply scheduled alongside tax incentives for owners of multiple properties, a sustainable sector growth becomes easier to obtain.

Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited

Formally, allowing the occupation of two properties and maintaining a nil valuation will boost real estate tax policy modernization. This reform is socioeconomic in nature, providing investment incentives to property owners and making allowance for multi-city living. It will indeed increase supply to the housing market whilst enhancing geographical mobility of the owners.