New Delhi, February 2, 2025: Budget 2025-26 will be remembered and talked about most for the income tax relief it has brought, but Finance Minister Nirmala Sitharaman had proposals that cheered the real estate sector directly too, with most industry leaders welcoming it. For one, the Budget 2025-26 has simplified the annual value of the self-occupied property. “It is proposed to provide that the annual value of the property consisting of a house or any part thereof shall be taken as nil, if the owner occupies it for his own residence or cannot actually occupy it due to any reason,” the finance minister said while delivering her Budget speech.

Aditya Kushwaha, CEO and Director Axis Ecorp:

“Amid global economic turbulence, India’s luxury real estate sector is not just enduring but thriving, driven by resilience, ambition, and an expanding investor appetite. Budget 2025-26 accelerates this momentum with a sharp focus on urban transformation, backed by the INR 10 lakh crore asset monetization plan and INR 1 lakh crore Urban Challenge Fund. Additionally, the government’s push to develop 50 top tourist destinations will create new demand for luxury hotels, branded residences, and premium retail hubs, reinforcing tourism as a key economic driver. Enhanced foreign investment policies and expanded NRI participation will further unlock capital inflows. With infrastructure-led growth and regulatory ease, the sector is set for sustained expansion.”