“Looking ahead to the upcoming budget, we’re optimistic about positive developments in the commercial and residential sectors, particularly relying on the expected exemption in home loan interest rates that could make owning a home much more accessible.
Anticipating GST benefits for long-stay formats like Co-living, Senior Living, and Student living in hospitality, we foresee it catalysing sector growth.
We also anticipate a boost in affordable housing solutions, broadening accessibility. Granting infrastructure status to commercial real estate could facilitate long-term funding, including foreign currency funding through external commercial borrowing, injecting energy into the market.
Extending tax benefits to specific asset classes within commercial real estate will lead to increased investment and retail participation. A proposed single window clearance mechanism for project approvals can be a practical measure for streamlined processes.
In commercial properties, enhancing deduction limits for repair and maintenance expenses, along with depreciation rates, can be a positive step.”
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