Sankey Prasad, CMD, Colliers India & Middle East, Talks Market Trends

The Union Budget 2025, presented by the Hon'ble Finance Minister, is a progressive and growth-driven initiative that reinforces India's vision for economic expansion, industrial development, and global competitiveness.

With a strong push for manufacturing, the Budget is expected to drive demand for office spaces, particularly for Global Capability Centers (GCCs), while boosting investments in warehousing and industrial real estate. Increased leasing activity will further strengthen these sectors, making India an attractive destination for long-term capital investments. Given the cyclical nature of real estate, these measures will ensure sustained growth and stability.

I welcome the introduction of the Liberalized Remittance Scheme (LRS), which will facilitate seamless international transactions, empowering businesses to expand globally. Additionally, raising the Tax Deducted at Source (TDS) threshold to ₹10 lakh will ease financial compliance and benefit the industry. The Budget’s decision to eliminate income tax for individuals earning up to ₹12 lakh annually will enhance disposable income, driving consumption and economic momentum. These strategic initiatives will position India as a global manufacturing powerhouse, strengthening its domestic economy while enhancing its presence in international markets.

As we move towards a Viksit Bharat, these reforms will pave the way for a more dynamic, investment-friendly, and globally competitive India.