Finance Minister Nirmala Sitharaman announced on February 1 that the TDS threshold for rental income will be raised from ₹2.4 lakh per year to ₹6 lakh per year. This move aims to reduce the number of transactions subject to TDS and provide relief to small landlords. Finance Minister Nirmala Sitharaman announced on February 1 that the TDS threshold for rental income will be raised from...

Budget 2025 exempts income up to ₹12 lakh from taxation under the new regime. This makes homeownership more accessible for those in this income bracket and encourages investment in the housing sector. However, there will be no change for those earning an annual income of more than ₹12 lakh annually. Budget 2025 exempts income up to ₹12 lakh from taxation under the new regime. This makes...

To boost disposable income and increase affordability for middle-class homebuyers, the Finance Minister on February 1 increased the income tax exemption limit to ₹12 lakh under the new regime. This is expected to enhance spending power and drive housing demand and investments in the real estate sector, say real estate experts. To boost disposable income and increase affordability for...

To provide relief to homebuyers whose apartments have been delayed for years, Finance Minister Nirmala Sitharaman said on February 1 that a SWAMIH Fund 2 will be established with ₹15000 crore allocation to help complete an additional 1 lakh housing units. To help homebuyers stuck with delayed projects, Finance Minister Nirmala Sitharaman said on February 1 that a SWAMIH Fund 2 will be...

Feb 01, 2025 12:20 PM IST Government to set up ₹1 lakh crore Urban Challenge Fund; allocates ₹10,000 crore for 2025-26. To ramp up urban infrastructure, Finance Minister Nirmala Sitharaman said on February 1 that the government would set up an Urban Challenge Fund of ₹1 lakh crore to finance up to 25 per cent of bankable projects and allocate ₹10,000 crore for 2025-26....

Finance Minister Nirmala Sitharaman will present Budget 2025 today, and the real estate sector anticipates a strong focus on affordable and middle-income housing. Industry stakeholders are seeking an expanded definition of affordable housing, tax benefits for homebuyers to boost affordability, and incentives for developers to drive the construction of budget-friendly homes. The real estate...

With Budget 2025 just hours away, real estate experts are calling for urgent reforms to boost affordable housing and support homeownership for the middle class. While the luxury housing market continues to thrive, experts stress that the key priority should be expanding the supply of homes in the ₹60 lakh to ₹1 crore price range. With Budget 2025 just a few hours away, real estate experts...

Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of The Pradhan Mantri Awas Yojana – Urban (PMAY-U), and over 89 lakh have been completed. Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of The Pradhan Mantri Awas Yojana – Urban (PMAY-U), and over 89 lakh have been...

To decongest Bengaluru, the Karnataka state government on January 30 approved the Greater Bengaluru Integrated Suburban Project, an initiative to develop Devanahalli, Nelamangala, Hoskote, Doddaballapur, Magadi, and Bidadi as satellite townships around Bengaluru. The project is expected to enhance road and rail connectivity, significantly improving accessibility. The Karnataka state government...

Founder and chairman of Vedanta Group, billionaire Anil Agarwal often shares glimpses of his life, including when he struggled to make a name for himself. In his latest post on X, he recalled how he purchased his first house in Mumbai, adding that when he thought of buying a flat, he only had ₹75,000 in his bank account. Indian Billionaire Anil Agarwal shared this photo on X....