Budget 2026: Housing Sector Demands Tax Relief, Policy Clarity for Revival
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News18•14-01-2026, 17:56
Budget 2026: Housing Sector Demands Tax Relief, Policy Clarity for Revival
- •Finance Minister Nirmala Sitharaman to present Union Budget 2026 on February 1, her ninth consecutive budget.
- •Housing sector seeks policy clarity and tax exemptions to boost demand and accelerate stalled projects.
- •Developers advocate for redefining the affordable housing limit (currently Rs 45 lakh) to Rs 80-90 lakh, citing outdated market conditions.
- •Industry leaders propose reducing GST on works contracts from 18% to 12% and reintroducing Section 80EEA benefits for first-time buyers.
- •Expectations include treating housing as essential infrastructure, faster project approvals, and rationalization of GST on under-construction homes.
Why It Matters: The housing sector anticipates significant tax relief and policy reforms in Budget 2026 to stimulate growth and affordability.
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