Salman Akbar’s Views on the Union Budget 2025 and Real Estate

Salman Akbar highlights that the INR 1 lakh crore Urban Challenge Fund will be a game-changer in urban development. Salman Akbar expects that developing new-age cities will unlock land value and transform Tier-1 and Tier-2 cities into key growth hubs.

Gurgaon, India – WEBWIRE – Friday, March 7, 2025

Salman Akbars Views on the Union Budget 2025

Tax Benefits for Homebuyers and Investors

Salman Akbar believes that the increase in disposable income due to no income tax for individuals earning up to INR 12 lakh per year is a step in the right direction. This will likely drive demand for affordable housing, especially in Tier-2 and Tier-3 cities. He also sees the new provision allowing investors to claim tax benefits for two self-occupied homes as a strong incentive for real estate investment. Furthermore, raising the TDS threshold on rental income beyond INR 2.4 lakh/year is a positive move for the rental housing market, as it will encourage more people to invest in rental properties without tax-related hurdles.

Government Support for Stalled Projects

Akbar acknowledges that the SWAMIH Fund allocation of INR 15,000 crore is a crucial step in reviving the stalled housing sector. With over 40,000 units in NCR set to be completed in 2025, this initiative will unlock liquidity, boost buyer confidence, and encourage developers to resume stalled projects. He notes that this move will be especially beneficial for the mid and affordable housing segments, helping developers and homebuyers alike.

Urban Development and Infrastructure Boost

Salman Akbar highlights that the INR 1 lakh crore Urban Challenge Fund will be a game-changer in urban development. He expects that developing new-age cities will unlock land value and transform Tier-1 and Tier-2 cities into key growth hubs. He also commends government efforts to enhance connectivity through the Udaan Scheme, Metro Expansions, and new Airports, noting that emerging micro-markets like Dwarka Expressway, Sohna Road, and Noida Extension will gain significant traction in the coming years.

Commercial Real Estate and Office Space Demand

Akbar predicts that support for Global Capability Centers (GCCs) will attract top MNCs, leading to higher demand for premium office spaces in Gurgaon, Noida, Mumbai, Bengaluru, Hyderabad, and Pune. He also sees the revamped MSME framework as a boon for industrial and logistics real estate, particularly near ports and business clusters. With more credit support for MSMEs, commercial spaces for startups and enterprises will witness increased demand.

Future Outlook for Delhi NCR Real Estate

Salman Akbar remains bullish on Delhi NCR real estate, particularly in areas like Dwarka Expressway, Gurgaon, and Noida, where infrastructure developments are poised to boost property values and demand. He believes that the luxury and mid-segment housing markets will benefit the most, driven by increased urban migration and rising disposable incomes.

He also sees the rental housing market strengthening, with tax incentives making real estate investment more attractive. However, he warns that financing constraints, lack of quick approval mechanisms, and regulatory delays remain major challenges for the sector.

Conclusion

According to Salman Akbar, the Union Budget 2025 is a step in the right direction for real estate, particularly in urban development, infrastructure, and rental housing. However, missed expectations in tax benefits, industry recognition, and regulatory reforms continue to hold the sector back. He remains optimistic about the future, particularly for Delhi NCR, where major infrastructure projects will drive real estate expansion and price appreciation.

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