Builders urge new govt to bring policy reforms in realty sector
Real Estate

Builders urge new govt to bring policy reforms in realty sector

Builders urge the incoming government to enact policy reforms in the real estate sector and lower home loan interest rates. NAREDCO, the realtors' body, emphasises the need for tax incentives for homebuyers and developers to stimulate housing demand. Additionally, the association calls for simplification of project approval processes. According to G Hari Babu, National President, NAREDCO, adjustments to financial limits and incentives for builders are crucial for promoting affordable housing. He stresses the importance of addressing rising home loan EMIs and implementing sustainability incentives to achieve industry growth goals. Babu proposes setting lower interest rates for affordable housing loans for the initial years to alleviate the burden on middle-class families. Specific policy reforms, especially for affordable housing, are deemed essential for sectoral growth. The government is urged to introduce financial incentives and tax breaks for sustainable building practices and affordable housing projects. Easing regulatory constraints and approval processes would further bolster the sector's growth prospects. Anuj Puri, Chairman, Anarock highlights the importance of a stable government for investor confidence and emphasises the need for reforms to incentivise buyers and investors. Pradeep Aggarwal, Founder & Chairman, Signature Global (India), stresses the significance of the infrastructure and real estate sectors for national development and hopes for continued government support, including tax benefits and GST relief, to facilitate sectoral growth.

Builders urge the incoming government to enact policy reforms in the real estate sector and lower home loan interest rates. NAREDCO, the realtors' body, emphasises the need for tax incentives for homebuyers and developers to stimulate housing demand. Additionally, the association calls for simplification of project approval processes. According to G Hari Babu, National President, NAREDCO, adjustments to financial limits and incentives for builders are crucial for promoting affordable housing. He stresses the importance of addressing rising home loan EMIs and implementing sustainability incentives to achieve industry growth goals. Babu proposes setting lower interest rates for affordable housing loans for the initial years to alleviate the burden on middle-class families. Specific policy reforms, especially for affordable housing, are deemed essential for sectoral growth. The government is urged to introduce financial incentives and tax breaks for sustainable building practices and affordable housing projects. Easing regulatory constraints and approval processes would further bolster the sector's growth prospects. Anuj Puri, Chairman, Anarock highlights the importance of a stable government for investor confidence and emphasises the need for reforms to incentivise buyers and investors. Pradeep Aggarwal, Founder & Chairman, Signature Global (India), stresses the significance of the infrastructure and real estate sectors for national development and hopes for continued government support, including tax benefits and GST relief, to facilitate sectoral growth.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?