According to Mr. N. Jaideep Reddy, President, CREDAI Hyderabad, said: ” The budget provides a focus on urban development and boosting future technologies like AI, bio Pharma research with special benefits for IT and software services and tax holidays for Data Centre which are growth drivers for Hyderabad. This would further drive the growth of the city. However the specific levers for triggering demand for housing , particularly affordable housing did not get adequate attention. We look forward to some subsequent announcements on tax incentives and stimulus for affordable housing.

According to Mr. B. Jagannath Rao, President-Elect, CREDAI Hyderabad, said: “The Union Budget 2026-27 is a blueprint for a ‘Viksit Bharat’ with a clear emphasis on urban infrastructure and manufacturing. The incentives for municipal bonds and the focus on high-tech construction equipment will modernise the way we build. However, for the ‘Housing for All’ mission to reach its full potential, we look forward to more direct interventions in the form of tax rationalization for home buyers and developers in the coming months.”

Mr. Kranti Kiran Reddy, General Secretary, CREDAI Hyderabad, added: The budget has a long term vision for growth and aligns well for sustainable development but lacks specific drivers to directly impact the real estate sector. Moreover, while the budget focuses on “Tax Certainty,” the documents do not explicitly outline a reduction in Long-Term Capital Gains (LTCG) tax for immovable property, which remains a key demand to stimulate secondary market transactions.”

Positive Highlights for the Industry:

*Boost to Construction Equipment:* The budget’s focus on strengthening domestic manufacturing of high-value and technologically advanced construction and infrastructure equipment is a welcome move that will likely lead to better cost efficiencies for developers in the long run.

Urban Infrastructure & Municipal Bonds:

The government has proposed an incentive of ₹100 crore for single issuances of municipal bonds exceeding ₹1,000 crore. This is a significant step toward empowering urban local bodies to fund large-scale infrastructure projects, which directly benefits real estate development.

Strategic Urban Planning: The proposal to develop five University Townships near major industrial and logistic corridors will create new hubs for growth and residential demand.

Continuation of AMRUT: The extension of the AMRUT scheme ensures continued support for water supply, sewerage, and urban greenery, which are essential for sustainable housing projects.

Ease of Compliance: The extension of the timeframe for revising tax returns to March 31st and the introduction of a one-time 6-month foreign asset disclosure scheme provide much-needed flexibility and transparency for taxpayers, including property investors.

Areas of Concern and “Missed Opportunities:

Capital Gains Tax Clarity: While the budget focuses on “Tax Certainty,” the documents do not explicitly outline a reduction in Long-Term Capital Gains (LTCG) tax for immovable property, which remains a key demand to stimulate secondary market transactions.

Affordable Housing Stimulus: 

While the budget focuses on the underprivileged through the government’s ‘Sankalp’, the industry was hoping for specific new tax bates or interest subvention schemes to revive the affordable housing segment, which has seen a slowdown.

Industry Status: The long-standing request for granting “Infrastructure Status” to the entire real estate sector (currently limited to affordable housing) was not explicitly addressed in the primary highlights, which would have enabled easier access to low-cost institutional credit.

The post CREDAI Hyderabad Welcomes Growth-Oriented Union Budget 2026-27  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Hyderabad: 20^th November 2024 – CREDAI, the Confederation of Real Estate Developers’ Associations of India, the country’s apex body of private real estate developers, expressed optimism with increased customer inquiries during the recent festive season—likely to translate into increased sales during the next few months. Hyderabad’s real estate market continues to be one of India’s fastest-growing markets, driven by the availability of world-class, planned physical infrastructure; connectivity; the affordability of real estate when compared with other similar cities; industry-friendly and proactive governance; the availability of relevant talent; and focused efforts to build ‘Brand Hyderabad’ as an investment destination.

According to Mr. V Rajashekar Reddy, President of CREDAI, Hyderabad, “Hyderabad is rated as India’s most livable city continuously for the last 6 years by the Mercer Quality of Living Survey. It is also now rated as the country’s fastest growing city according to Knight & Frank’s India Prime City Index 2024. These accolades are a result of focused efforts for decades by the governments in the state to promote ‘Brand Hyderabad’ and establish it as a prime investment destination. This has helped create a planned physical infrastructure and a systematic approach to skill development of youth to attract global IT, Pharma, manufacturing, and services giants to choose the city as their destination for investments and setting up of the global capability centers. The city is already a globally recognized IT and vaccine hub, with the most renowned global organizations setting up their largest bases outside their headquarters in Hyderabad, India. The present government in the last 1 year has made all efforts to extend the growth momentum in the city and we congratulate them on the successful completion of 1 year in the state. The announcement for setting up ‘The Future City’, ‘AI City’ with appropriate policy initiatives that will drive the future of growth in IT and have a bearing on all business domains in the next few years. The various departments are actively working to ensure that Hyderabad is at the forefront and gets a major share of investments in GCCs for new technologies across industries. Even efforts are being made to integrate the requirements of industry and the curriculum at the educational institutions along with setting up of The Skill University to ensure the youth is trained with appropriate skills to benefit from the new investments that will come to the state.  This will ensure the future growth of the city and the state. Due to the efforts so far, the city has a rising population of UHNI’s (Ultra High Net Worth Individuals) and HNI’s, according to Hurun’s 2024 list, ranking Hyderabad 3rd in the list of most wealthy residents, even ahead of Bengaluru, a trend that will continue in the future. Moreover, the development of Regional Ring Road and the industrial corridors, expansion of the metro rail network (phase 2), new elevated corridor and development of the ‘Musi River Front’ will further enhance the infrastructure and appeal of city. The Government under the leadership of Hon’ble Chief Minister Shri A Revanth Reddy is working proactively to help elevate ‘Brand Hyderabad’ further. The 1^st year has laid down the foundation for exponential growth in future. We will work closely with the government to ensure Hyderabad Real Estate is at the forefront of the growth and it dons the city landscape with more iconic structures and we get the well-planned physical infrastructure to become an iconic ‘Model City in the World’[AK1] .”

He further added, “In the last few months, the city witnessed the introduction of the Hyderabad Urban Development and Regulatory Authority (HYDRA) policy, where the Government acted with assertive action on unauthorized constructions, particularly in and around the water bodies, with the objective to preserve the lakes and act decisively to prevent flooding in the city. These stern actions caused panic amongst the people, and they were indecisive about the purchase of property and the future of investments in the city. However, in these days, just before the festive season, Hon’ble Chief Minister of Telangana Shri A. Revanth Reddy, his ministers, and the department of HYDRA and RERA stepped forward to reassure the people that the action was only being initiated against properties without proper approvals in place. At CREDAI Hyderabad, we have always encouraged people to purchase only RERA-approved projects and avoid properties sold by unscrupulous operators offering properties under UDS (undivided share) without proper documentation. This will ensure that you safeguard your hard-earned money and purchase your real estate from reputed builders following all the processes and approvals. The initiatives by the government are driving the demand for residential real estate across segments, prime office spaces, retail, and warehousing. This trend will continue as the city is growing on sound fundamentals and a proactive approach towards the future. Be wise, buy only RERA approved projects to safeguard your hard-earned money.”

Mr. B. Jagannath Rao, General Secretary of CREDAI Hyderabad, stated, “Hyderabad is a global city with world-class infrastructure, with proactive and industry-friendly policies of the state government, ensuring it is a preferred destination for global investment. The real estate in the city is resilient and on steady growth. In October, Hyderabad’s real estate saw 87,785 applications submitted for residential property registrations and 794 applications submitted for commercial properties with the authorities. There were 3,754 new residential applications and 33 applications for commercial properties during the first two days of November, which indicates that the demand for the real estate sector in the state is based on solid fundamentals. The anxiety and uncertainty amongst homebuyers have been alleviated after the clarification and reassurance on HYDRA provided by Hon’ble Chief Minister Shri A. Revanth Reddy. Our only advice to people looking to purchase a property in Hyderabad is to purchase only RERA-approved projects, as this assures a validity of approvals and sanctions and safeguards your investments. Also, do not fall prey to any false information; ‘Brand Hyderabad’ is strong and will continue to grow. According to the indications received from CREDAI member developers, they have received more inquiries and had a large number of site visits during this festive season, which will translate into sales in the coming months. The real estate industry in the city is very robust and available at attractive pricing. It might not remain priced reasonably for a long time; make the most of present pricing and make the right investment in picking your dream home.”

The post Hyderabad Real Estate continues rapid growth appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.