Kolkata Realtors Seek Union Budget Reforms for Housing Sector

Kolkata real estate developers are urging the Union Budget to revise the definition of affordable housing and increase tax benefits for mid-income buyers. Citing rising land and construction costs, they seek higher price caps for affordable homes, rationalized GST on under-construction properties, and streamlined approval processes. Industry players believe these reforms are crucial to boost demand, enhance affordability, and stabilize the market, particularly for middle-income homebuyers, amid rapid urbanization.