Budget 2025 Expectations Latest News Today (January 17): Amid slowing economic growth and rising global uncertainties in Asia's third-largest economy, Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1 next month. The most critical aspect of the budget will be any announcement regarding the income tax rebate. There is growing debate to increase the basic exemption limit in both old tax regime as well as new tax regime. Will Sitharaman give any good news to individual taxpayers to offset the inflationary woes? Stay with us for latest buzz on Union Budget 2025:

"Last year, the real estate sector witnessed strong growth driven by rising urbanization and increasing demand across affordable, mid-income, and luxury segments. We are hoping that the upcoming budget will prioritise tax relief for homebuyers and streamline regulations. Additionally, introducing tax benefits for those investing in REITs focused on premium commercial or residential assets would encourage more investments and boost the sector. We are also hoping that the government will continue to invest in infrastructure projects. These measures will help the housing sector remain a key contributor to economic progress.

Granting industry status to the real estate sector has been a long-standing demand, and we remain hopeful it will finally be addressed this year. Such a move has the potential to significantly stimulate growth, benefiting numerous ancillary industries, driving job creation, enhancing skill development, and amplifying overall economic activity," says Aditya Kushwaha, CEO and Director, Axis Ecorp.