Union Budget 2025: Boosting Real Estate and Construction sectors!

The Union Budget 2025 has introduced several measures to strengthen India's real estate and construction sectors.

The Union Budget 2025 has introduced several measures to strengthen India's real estate and construction sectors. From housing support to urban development and maritime expansion, these initiatives aim to drive economic growth and create employment opportunities.

Affordable Housing and SWAMIH Fund-2
Under the Special Window for Affordable and Mid-Income Housing (SWAMIH), 50,000 dwelling units in stressed housing projects have been completed, providing relief to homebuyers. An additional 40,000 units will be completed in 2025, further assisting middle-class families burdened with both EMIs and rent payments. To build on this success, the government is launching SWAMIH Fund-2, a blended finance initiative of Rs 15,000 crore, which aims to expedite the completion of another one lakh housing units.

Urban Development and Infrastructure Growth
A new Urban Challenge Fund worth Rs 1 lakh crore has been introduced to implement proposals focusing on ‘Cities as Growth Hubs,’ ‘Creative Redevelopment of Cities,’ and ‘Water & Sanitation.’ This initiative will modernize urban landscapes, making cities more liveable and economically vibrant.

Maritime and Transportation Development
To enhance maritime infrastructure, the government has set up a Maritime Development Fund with a corpus of Rs 25,000 crore. The fund will provide long-term financing, with the government contributing up to 49 per cent. Additionally, Bihar will see significant infrastructure investments, including financial support for the Western Koshi Canal ERM Project and the construction of greenfield airports.

Tourism Development and Hospitality Growth
Recognizing the tourism sector’s potential, the government will develop the top 50 tourist destinations in collaboration with states through a challenge mode. States will be responsible for providing land for building key infrastructure, while hotels in these locations will be included in the infrastructure harmonized master list.

These initiatives in Budget 2025 will drive real estate and infrastructure growth, enhance urban living, boost tourism, and create jobs, reinforcing India’s path towards sustainable development and economic progress.

Disclaimer: The article is for informational purposes only and not investment advice.