Harshvardhan Tibrewala, MD, Vida Realty on the Budget 2025-26
The Union Budget 2025-26 explicitly highlights its move for strengthen the real estate sector, infrastructure, and also encourages employment for workers. The incorporation of SWAMIH Fund 2 that allocated ₹15,000 crores, allows stalled housing projects successful. Urban sector reforms are in the spotlight due to a ₹1 lakh crore Urban Challenge Fund on sustainable development and city infrastructure.
Valuation of two self-occupied properties at Nil rather than one can help reduce financial burdens on the owners of such properties and makes homeownership look attractive and cheaper. Income tax relief measures can bring more money to the people’s pockets that would increase the purchasing power, hence increasing the demand in housing sectors. On the demand side, the personal income tax reforms—particularly the increase in the TDS exemption on rental income from ₹2.4 lakh to ₹6 lakh and the higher tax deduction limits for senior citizens—will enhance disposable income and strengthen consumer sentiment.
Expansion of PM SVANidhi and other financial support schemes will scale up employment across real estate and allied industries and strengthen economic resilience. The budget approach to upskilling and social security for the construction workforce, especially in the informal sector, is a welcome step.
It includes ₹1.5 lakh crore worth of interest-free capital expenditure loans to be provided to states, which will hugely benefit large-scale infrastructure projects, from developers to contractors and to the small daily-wage laborers.
Together, these initiatives create a very favorable environment for real estate growth, urban development, and job creation. This is an opportunity for Vida Realty to be part of the rapidly transforming skyline of India while ensuring infrastructure and housing remain accessible and affordable for all.
