Rohit Gera’s Insights on Real Estate Growth and Future Trends

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.