Sharad Mittal, Director and CEO, Motilal Oswal Real Estate
Real Estate

Sharad Mittal, Director and CEO, Motilal Oswal Real Estate

Over the last six months, residential real estate has witnessed a strong recovery wherein almost all top cities are clocking record sales as compared to previous years. Customers and investors who had stayed away from residential real estate over the last four to five years are returning to the sector.

While some part of this recovery may be attributed to pent-up demand, developer discounts and temporary stamp duty waivers, a large part of it is on the back of fundamental factors such as multi-decadal low interest rates, bottomed-out pricing creating a room for price rise in future and a general increase in need for owning a home in light of Covid.

Return of this lost demand is imperative to the revival of residential real estate, which has been going through several challenges over the last four to five years due to a spate of regulatory reforms and funding crisis. The upcoming budget should focus on the revival of demand for real estate.

A key measure that can be introduced to boost end-user demand would be to increase eligibility limits on home values for affordable housing benefits from the current Rs 4.5 million to Rs 6 million. The move would expand the benefits of the affordable housing scheme to more homes.

Till 2017, the entire loss from deemed let out properties (second homes and thereafter) could be adjusted with income from all sources. That adjustment incentivised many people to invest in real estate for better tax planning. Restricting this limit to Rs 0.2 million in the 2017 budget created a drop in investor demand. Removing this limit in the upcoming budget would go a long way in bringing back lost investor demand.

Over the last six months, residential real estate has witnessed a strong recovery wherein almost all top cities are clocking record sales as compared to previous years. Customers and investors who had stayed away from residential real estate over the last four to five years are returning to the sector. While some part of this recovery may be attributed to pent-up demand, developer discounts and temporary stamp duty waivers, a large part of it is on the back of fundamental factors such as multi-decadal low interest rates, bottomed-out pricing creating a room for price rise in future and a general increase in need for owning a home in light of Covid. Return of this lost demand is imperative to the revival of residential real estate, which has been going through several challenges over the last four to five years due to a spate of regulatory reforms and funding crisis. The upcoming budget should focus on the revival of demand for real estate. A key measure that can be introduced to boost end-user demand would be to increase eligibility limits on home values for affordable housing benefits from the current Rs 4.5 million to Rs 6 million. The move would expand the benefits of the affordable housing scheme to more homes. Till 2017, the entire loss from deemed let out properties (second homes and thereafter) could be adjusted with income from all sources. That adjustment incentivised many people to invest in real estate for better tax planning. Restricting this limit to Rs 0.2 million in the 2017 budget created a drop in investor demand. Removing this limit in the upcoming budget would go a long way in bringing back lost investor demand.

Next Story
Resources

Hafele Launches Integrated Range of Digital Home Security Solutions

Hafele introduces a new perspective to home security with its integrated range of Digital Home Security Solutions. With this range we bring to you the most advanced technologies in digital access modes, safety features, convenient settings and much more; attempting to provoke a serious thought towards home security.These solutions from Hafele can allow you to control multi- dimensional aspects of home access through a single locking device, as per your specific lifestyle and at the leisure of your convenience. RE-Inforce Digital Lock Because the combination of flawless features and harmonious ..

Next Story
Resources

Skyview by Empyrean to Develop Dehradun-Mussoorie Ropeway

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Resources

Akshay Kumar Sells Office in Mumbai for Rs 80 Million: Square Yards

Bollywood star Akshay Kumar has sold his office space in Lower Parel, Mumbai, for Rs 80 million, according to property registration documents reviewed by Square Yards on the website of Inspector General of Registration (IGR). The transaction was registered in April 2025.Lower Parel, one of Mumbai’s prime residential and commercial hubs, offers premium living spaces with seamless connectivity to business districts such as Bandra-Kurla Complex (BKC) and Nariman Point. Bollywood stars like Abhishek Bachchan, Shahid Kapoor, Amish Tripathi and Manoj Bajpayee, also own properties in Lower Parel, a..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?