• Source:JND
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Budget 2025: The Union Budget 2025 is anticipated to be a transformative factor for the real estate market in Bengaluru, with Finance Minister Nirmala Sitharaman's announcements expected to spur significant growth. As Bengaluru continues to be a leader in India's IT sector, experts believe the budget will have a crucial impact on both the real estate and coworking markets.

Industry leaders in Bengaluru stated that this year’s budget prioritises infrastructure development and urban renewal, key drivers for the city's real estate sector. The Hindustan Tim report quoted Ramani Sastri, Chairman and Managing Director of Sterling Developers as stating that the government's focus on infrastructure is likely to greatly enhance housing demand. He remarked, "This will also positively impact around 250 ancillary industries, creating numerous job opportunities and contributing to overall economic growth."

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Sastri noted that the establishment of the India Infrastructure Fund and the emphasis on Public-Private partnerships will be pivotal for the real estate industry. He elaborated that the introduction of an Urban Challenge Fund worth Rs 1 lakh crore would further energise urban infrastructure rebuilding, leading to increased demand for real estate in urban and semi-urban regions.

Another significant aspect of Budget 2025 is the proposed tax relief for homeowners. Sastri explained that the change allowing taxpayers to claim the annual value of two self-occupied properties as zero will provide substantial tax benefits. This measure is expected to reduce compliance burdens and promote homeownership, making it more accessible for middle-class families.

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Furthermore, Lalit Ahuja, CEO of ANSR, pointed out that the proposed framework for expanding Global Capability Centres (GCCs) into tier-2 cities represents a strategic shift in India's tech landscape. With many global firms yet to set up GCCs in India, this initiative is expected to unlock tremendous potential, creating millions of skilled jobs in emerging urban centres.

Overall, the Union Budget 2025 appears poised to stimulate real estate investment and development in Bengaluru and beyond, supporting the city's growth as a major economic hub.

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