By Admin 
Budget 2026: Even today, buying one’s own house seems like a dream come true for middle class people. House prices are skyrocketing. At the same time, people also seem troubled by rising interest rates. In such a situation, when the budget time is near, people will have a lot of expectations from this time’s budget.
Especially for families planning to buy a house for the first time and the real estate sector. According to a report published in Moneycontrol Hindi, Oram Group founder and expert Pradeep Mishra has discussed the expectations regarding the upcoming budget. Let us know, what changes can come in the real estate sector in Budget 2026?
1. Expectation of change in the definition of affordable housing
Houses up to Rs 45 lakh are still considered ‘affordable housing’. But the ground reality of big cities is different. In areas like Delhi-NCR and Mumbai, it has become almost impossible to get a house in this budget.
For this reason, the price limit of affordable housing is expected to be increased from Rs 75 lakh to Rs 1 crore. If this change happens, most houses will be able to fall into this category. Due to which people will be able to get the benefit of low interest rates and government subsidies.
2. Expectations regarding tax exemption
Buying a home is no longer as easy as it used to be, especially as property prices continue to rise. In such a situation, the tax exemption available on home loan is decreasing. Currently, under Section 24(b) of Income Tax, maximum relief on home loan interest is available up to Rs 2 lakh.
In such a situation, the middle class is hoping to increase this limit to Rs 4 to 5 lakh. Experts believe that this will leave more spendable money in the hands of the middle class and they will be able to take the decision of taking a big home loan with more confidence.
3. Expected improvement in GST on under-construction property
An improvement in the GST levied on under-construction property is expected. The price of the house is already high. For this reason, there is a demand for changes in the GST system, so that the rates can be made more practical and Input Tax Credit (ITC) should be re-implemented.
If builders get the benefit of ITC, then the construction cost can reduce and it will directly impact the house prices. Due to which the final buyer will get relief.
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