#real estate nirmala sitharaman

[urbanagelandbase]

Affordable Housing & Tax Benefits: What Real Estate Gained in Budget 2025?

Budget 2025 has eliminated all criteria by allowing two residences to be considered self-occupied, banning the tax burden for notional rental revenue.

The Union Budget 2025 has emerged as a game changer for homebuyers, providing numerous tax breaks and incentives. The government's actions, which range from easing tax policies to increasing affordable housing, are expected to have a long-term influence on the real estate business and homebuyers.

Finance Minister Nirmala Sitharaman made several important announcements on Saturday, including tax improvements under the new tax regime and the exemption of a second home from taxation for notional rental income. All homebuyers will receive from Budget 2025 is as follows:

Tax Reforms on Income: More Investments, More Savings A noteworthy outcome of the budget is the expansion of the tax refund under the new tax system. People with annual incomes up to Rs. 12 lakh (Rs 12.75 lakh for paid workers) are exempt from paying personal income tax. “This action greatly increases disposable income, enabling people to save more for housing investments," says Adhil Shetty, CEO of Bankbazaar.com. The middle class will have more money thanks to the streamlined tax system, which will boost household spending, savings, and real estate and equity investments.

Government announces SWAMIH Fund-2 to complete 1 lakh homes in stalled projects

In Budget 2025, an additional 1 lakh units will be allocated ₹15,000 crores to the new SWAMIH Fund 2, which would help lakhs of homeowners whose real estate projects have been delayed. The government's strong drive to address the housing problem is demonstrated by the completion of 50,000 dwelling units under the current SWAMIH project, with an additional 40,000 in the works, according to analysts.

The growth of the SWAMIH-2 Investment Fund stabilises the market, increases the number of ready-to-buy homes available to first-time purchasers, and may even lower the cost of housing. According to Grant Thornton Bharat Partner and Government Consulting Leader Ramendra Verma, the fund helps homebuyers, boosts trust in the real estate industry, and encourages the completion of stalled projects, all of which contribute to the sector's renaissance.

PropEquity reports that around 2000 housing projects totalling 5.08 lakh units in 42 locations are halted. There have been 345 projects totalling 76,256 units in 28 tier II cities and 1,636 projects totalling 4,31,946 units in 14 tier I cities that have stagnated.

The government wants to increase the yearly threshold for TDS on rent from the existing ₹2.4 lakh to ₹6 lakh. According to real estate experts, increasing the yearly TDS ceiling on rent from ₹2.40 lakh to ₹6 lakh will also greatly help landlords and small taxpayers by reducing the burden of compliance.

Govt. to set up ₹1 lakh Crore Urban Challenge Fund to ramp up urban infrastructure

The creation of an urban development fund will improve infrastructure, open up real estate opportunities, and turn cities into significant centres of growth.

"Incentivised urban reforms and the 1 lakh crore Urban Challenge Fund will improve city planning, municipal services, and governance—all of which are important drivers of long-term commercial growth," stated Ramesh Nair, CEO of Mindspace Business Parks REIT.

Support for Global Capability Centres (GCCs)

India would be bolstered as a global business hub by the introduction of a national guiding framework to assist states in luring and promoting GCCs. In light of India's growing economic clout, Puri predicted that this action will increase demand for office space in Tier-II and Tier-III cities as well as major metropolises like Bengaluru, Mumbai, Hyderabad, Pune, and Chennai.

Budget 2025 and affordable housing

No affordable housing policies were included in Budget 2025.  The housing program would have benefited from a national policy for rental housing.

According to G Hari Babu, National President of NAREDCO, the Budget 2025 could have also addressed some important areas, especially the affordable housing segment. The government should prioritise revisions to the current housing cap, which has been stagnant for almost eight years, making it difficult for developers to deliver affordable homes within the set limits. Rising home loan interest rates and the antiquated definition of affordable housing have created barriers for many potential homeowners.

The Union Budget 2025 has undoubtedly set the stage for a transformative shift in the real estate sector, bringing relief to homebuyers and investors alike. From tax benefits and increased TDS thresholds to the expansion of the SWAMIH Fund and urban infrastructure development, these strategic reforms are expected to drive housing demand, boost market confidence, and accelerate stalled projects.

However, the absence of new affordable housing policies remains a missed opportunity, leaving many aspiring homeowners and developers seeking further government intervention. As India continues its journey toward urban expansion and economic growth, sustained policy support and adaptive reforms will be crucial in shaping a resilient and inclusive real estate ecosystem.

[realestateradar]

Budget 2025 Boosts Real Estate Stocks: Key Announcements Impacting Sector

Shares of major real estate players such as DLF, Sobha Ltd, Oberoi Realty, Prestige Estates, Phoenix Mills, and Macrotech Developers saw significant gains on February 1, 2025, following Finance Minister Nirmala Sitharaman's announcement of several measures aimed at stimulating the real estate sector. Some stocks jumped by as much as 9%, reflecting positive investor sentiment in response to the budget proposals.

For instance, Prestige Estates' shares closed 5.03% higher at Rs 1,431.50, while DLF saw a 2.10% increase, closing at Rs 760.75. As a result, DLF's market capitalization surged to Rs 1.88 lakh crore, highlighting investor optimism.

Here’s a breakdown of the key budget announcements that are expected to have a lasting impact on the real estate market:

SWAMIH Fund 2 The establishment of a Rs 15,000 crore SWAMIH Fund 2 is designed to accelerate the completion of one lakh affordable and mid-income housing units. This initiative, a collaboration between the Government of India, banks, and private investors, is expected to increase the supply of housing and boost market confidence.

Tax Benefits for Self-Occupied Properties The budget introduced a provision allowing taxpayers to claim the annual value of two self-occupied properties as Nil for tax purposes, up from just one property previously. This measure is expected to benefit individuals with multiple properties.

Increased TDS Limit on Rent The limit for Tax Deducted at Source (TDS) on rent has been raised from Rs 2.4 lakh to Rs 6 lakh, benefiting small taxpayers who earn rental income. This move is seen as a positive for landlords and tenants alike.

Smart City Mission Funding Boost The allocation for the AMRUT and Smart Cities Mission has been increased by 25%, from Rs 8,000 crore to Rs 10,000 crore. This funding increase is likely to have a ripple effect on construction and building material demand.

The budget measures also include the announcement that individuals under the new tax regime won’t have to pay income tax on income up to Rs 12 lakh, which is expected to boost disposable income and consumer spending. A portion of these savings may flow into the real estate sector, further supporting market growth.

The positive reaction was evident in the market as shares of Oberoi Realty rose by 1.83%, closing at Rs 1,845.65, and Phoenix Mills surged 7.27%, reaching Rs 1,761.55. Other developers like Sobha Ltd and Macrotech Developers also saw stock price increases.

In the broader market, the BSE Realty Index gained 3.69% or 264 points, closing at 7,414, reflecting overall optimism in the sector. Although the index has experienced a 10.74% rise since the Interim Budget in February 2024, it has still faced a decline of 11% since the Union Budget of 2024 was presented.

As these measures unfold, the real estate sector appears poised for sustained growth, with potential positive implications for developers, investors, and the housing market in general.

[homehustler]

Budget 2025: Key Expectations for the Real Estate Sector

With the Union Budget 2025 approaching, the real estate industry is eagerly anticipating policy reforms that could drive growth, improve affordability, and attract investment. Following Finance Minister Nirmala Sitharaman’s month-long consultations with industry stakeholders, several key proposals have emerged as top priorities for the sector.

Boosting Housing Affordability & Demand

One of the most significant expectations is an increase in the tax exemption limit on home loan interest under Section 24(b) of the Income Tax Act, from ₹2 lakh to ₹5 lakh. This move could provide substantial financial relief to homebuyers, particularly in the middle-income segment, thereby stimulating demand for residential properties.

Additionally, industry leaders are advocating for the reintroduction of the Credit Linked Subsidy Scheme (CLSS) for first-time homebuyers, which could help advance the ‘Housing for All’ initiative and facilitate homeownership for millions.

Incentives for Developers & Affordable Housing

On the supply side, experts emphasize the need to reinstate the 100% tax exemption under Section 80-IBA for affordable housing projects. This incentive, which expired in 2022, encouraged developers to focus on affordable housing—a critical segment for India's urban and rural housing needs. Its revival could significantly boost investment in this sector.

Developers also seek tax holidays and improved liquidity measures, including incentives to attract both domestic and foreign investments. Industry bodies have called for a revision in the affordable housing price cap to align with rising development costs in metropolitan cities, ensuring projects remain financially viable.

Tax & GST Reforms to Reduce Costs

Amendments to GST regulations could also ease financial burdens. Industry experts recommend:

Allowing input tax credit on under-construction properties to lower costs for developers and buyers.

Reducing GST on cement from 28% to 18% to bring down construction expenses.

Incentivizing green buildings to promote sustainable, technology-driven growth.

Enhancing Real Estate Investments & REITs

The sector is also looking forward to tax incentives for Real Estate Investment Trusts (REITs), which could attract institutional investments and provide relief to homebuyers. Adjustments to the REIT framework, combined with tax breaks on long-term capital gains, could drive increased participation in India’s real estate market.

Additionally, fostering private investments through Alternative Investment Funds (AIFs) and offering tax incentives to institutional investors could enhance liquidity and facilitate ambitious infrastructure projects.

Monetary Policy & Interest Rate Cuts

The industry expects the Reserve Bank of India (RBI) to reduce the repo rate by at least 50 basis points in 2025, a move that could lower home loan interest rates, making housing more affordable. With housing prices surging by 21% in 2024, developers believe a repo rate cut would improve affordability, boost demand, and support sustainable growth.

Infrastructure & Urban Development Push

Infrastructure development remains a crucial focus, with calls for increased budgetary allocations for urban renewal projects and improved connectivity. A significant rise in capital expenditure last year accelerated infrastructure growth, particularly in Tier 2 and Tier 3 cities. A similar push this year, with an allocation of at least ₹10 lakh crore, could further enhance connectivity and unlock new growth corridors.

Conclusion

A well-balanced regulatory and monetary approach in the Budget 2025 could empower the real estate sector to drive urban transformation, create jobs, and contribute to the government's vision of ‘Housing for All’. By addressing key hurdles such as high borrowing costs, taxation burdens, and liquidity constraints, the sector can play a pivotal role in India's economic growth.

[tycoonworld]

Budget 2025: Real Estate Sector Places Key Demands Before the Government

India is currently grappling with several economic challenges. The rupee’s decline against the dollar and reduced consumption levels have impacted economic growth. In this context, the real estate sector has urged the government to prioritize its development, highlighting its potential to boost the country’s economic growth. With Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1, 2025, the sector has outlined several key expectations.

Real Estate Sector’s Expectations from Budget 2025

Speaking to CNBC TV18, NAREDCO National President G. Hari Babu emphasized the need for greater government support for the real estate sector. He suggested increasing the price cap for affordable housing from ₹45 lakh to ₹60 lakh, making it more inclusive for a larger segment of buyers.

Promoting Property Investments

Hari Babu highlighted that while real estate prices have remained stagnant for over a decade, construction costs and inflation have risen significantly. To encourage investments in property, he proposed increasing the tax exemption limit on home loan interest from ₹2 lakh to ₹5 lakh under Section 80C of the Income Tax Act, 1961.

He also called for the reintroduction of Section 80IBA, which provided tax incentives for affordable housing projects, and the removal of the Minimum Alternate Tax (MAT) provision. These measures, he stated, would align with the government’s "Housing for All" mission.

Additional Measures to Boost the Sector

G. Hari Babu further recommended that buyers should receive interest rebates under the Pradhan Mantri Awas Yojana (PMAY) for loans up to ₹6 lakh. He also suggested a 5% interest rate for loans up to ₹25 lakh to make housing more affordable.

Additionally, he urged the government to remove the ₹10 crore cap on capital gains deductions to encourage higher investments in the real estate sector.

The Path Forward

As the nation looks forward to the Union Budget 2025, these demands from the real estate sector underscore its importance in driving economic growth and addressing housing needs. Industry stakeholders are hopeful that the government will implement policies to provide the necessary stimulus to this critical sector.

[esconinfrarealtor]

📢 Union Budget 2025: Real Estate Transformation

With the Union Budget 2025 on the horizon, the real estate sector is enthusiastic. Neeraj Sharma, MD of Escon Infra Realtors, has highlighted the need for a streamlined single-window clearance mechanism for project approvals.

This initiative could enhance efficiency, accelerate development timelines, and significantly boost employment generation across India. With declining housing sales in 2024, the sector is also eyeing incentivized purchases, interest rate rationalization, and better home loan interest deductions.

These measures could drive growth, support affordable housing, and sustain momentum in the real estate market. Let's look forward to FM Nirmala Sitharaman's upcoming Budget speech to see these transformative policies in action!

#UnionBudget2025 #RealEstate #AffordableHousing #EconomicGrowth

[pavanigroups-blog]

Is This the Best Time to Invest in Homes in Bangalore?

Bangalore’s real estate market has always been attractive due to its steady economic growth and infrastructure development. The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has introduced a mix of incentives and challenges that will shape the market in the coming years. With the recent approval of Phase 3 of the Bengaluru Metro Rail Project, the stage is set for a significant boost in property values, especially in areas like Whitefield, JP Nagar, Hebbal, and Sarjapur. For professionals in the 30 to 40 age group, now might be the perfect time to invest in a home in Bangalore.

The Impact of Green light for Phase 3 of Bengaluru Metro Rail Project on Real Estate

Metro connectivity is a major driver of real estate growth. The Phase 3 expansion of the Bengaluru Metro, which will add 44.65 km and 31 new stations, is expected to improve connectivity in key areas, making them more attractive for residential and commercial development. The anticipation of enhanced connectivity is already driving flat prices in Bangalore up, with projections of over 30% increase in some areas before the metro even becomes operational.This trend is particularly evident in Whitefield, JP Nagar, Hebbal, and Sarjapur, where the new metro lines will significantly reduce commute times and increase the appeal of these localities.

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Govt to facilitate rental housing for industrial workers, encourage states to moderate stamp duty rates

Amongst a host of measures to boost the real estate sector in India, Union Finance Minister Nirmala Sitharaman on July 23 announced the government’s plans to encourage states to moderate stamp duties and facilitate rental housing for industrial workers.

“We will encourage states which continue to charge high stamp duty to moderate the rates for all, and also consider further lowering duties for properties purchased by women,” Sitharaman said during her Budget 2024-25 speech, adding that this reform will be made an essential component of urban development schemes.

In India, property registration is a state subject, empowering the state governments to levy and collect stamp duties and registration fees tied to real estate transactions.

"The accentuation on empowering state legislatures to diminish stamp obligation and other improvement expenses is a conclusive step. This won't just reinforce metropolitan lodging development yet in addition make reasonable lodging more available, improve advancement costs, and empower the interest bend," said Shobhit Rajan, Alnoor Jamal & Nazir Mussa.

Additionally, Sitharaman announced the Modi 3.0 government’s plan to facilitate rental housing comprising dormitory-type accommodation for industrial workers. It will be developed in the public-private partnership mode with viability gap funding and commitment from anchor industries, she added.

"Perhaps they are trying it and perceiving how the exhibition of rental lodging in modern (setting) for the blue captured laborers as a residence on a PPP mode works. In the event that this functions admirably, who can say for sure, this might develop public-private organization to welcome reasonable lodging on rental premise to bigger urban areas, metropolitan regions," Shobhit Rajan, Alnoor Jamal & Nazir Mussa. He added that this move may be the start of a much bigger opportunity where developers may benefit over a period of time if the experience goes well.

[wealthclinicprivatelimited]

Budget 2024 Brings Promising Changes to Real Estate Sector

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has introduced several transformative measures aimed at boosting the real estate sector. These initiatives focus on affordable housing, infrastructure development, and urban planning, offering a significant push to the industry.

[parsvnath]

Union Budget 2024: The Impact on India's Real Estate Sector

On July 23, 2024, Finance Minister, Smt. Nirmala Sitharaman, presented her seventh consecutive Union Budget. This year's budget has garnered significant attention, particularly for its implications on the real estate sector. One of the most talked-about changes is the removal of the indexation benefit for calculating long-term capital gains (LTCG) on real estate and property investments. In this blog, we will delve into the key highlights of the Budget 2024 and explore its potential impact on the Delhi real estate and other real estate market in India.

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[indiatimelines-blog]

Budget 2024 Expectations: Live Updates on Anticipated Changes in India Inc.

Live Updates on Union Budget 2023: Finance Minister Nirmala Sitharaman is poised to present the final comprehensive budget of the Modi government before the upcoming 2024 Lok Sabha elections.

Live Updates on Budget 2024 Expectations: On February 1, 2024, Finance Minister Nirmala Sitharaman is scheduled to unveil the last budget of the current Narendra Modi government. Given its proximity to the Lok Sabha elections, speculations abound regarding whether it will be an Interim Budget or a Vote on Account. The critical question remains: will significant relief measures be announced for income tax payers and salaried individuals? Speculative discussions surround potential revisions to income tax slab rates for FY 2025, affecting both the old and new income tax regimes. Will efforts be made to make the new income tax regime more attractive to taxpayers? In the previous year’s budget, FM Sitharaman implemented substantial changes in the new income tax regime, now the default tax structure. Additionally, a historic capital expenditure was announced to stimulate economic growth. Stay tuned to Mint Online for live coverage of Budget 2024 expectations across various sectors.

Budget 2024 Expectations Live: A major focal point for the Government continues to be affordable housing

Sandeep Runwal, President of NAREDCO Maharashtra, underscores the real estate industry’s crucial role as the second-largest employment generator and highlights its potential for transformative changes in the economy. As the sector anticipates the 2024-25 budget announcements, it looks forward to measures that could significantly impact its trajectory. Runwal acknowledges the reforms and incentives introduced by both Central and State governments in the previous year to boost economic growth, emphasizing the sustained momentum in the real estate sector.

Budget 2024 Expectations Live: EV sector on Battery swapping policy

R K Misra, Co-Founder and President – Ecosystem Partnerships at Yulu, emphasizes the need for a National Battery Swapping Policy, providing clarity on incentives, taxation, certifications, and network expansion. The company sees this policy as crucial for enhancing investor confidence. Yulu also advocates for a GST reduction (to 5%) on Li-ion battery packs used by Battery as a Service (BaaS) operators, aligning it with the tax rate for battery-fitted Electric Vehicles (EVs). Furthermore, Yulu calls for a reduction in GST on transactions related to EV charging and battery-swapping from 18% to 5%, aiming to benefit price-sensitive retail customers and foster the growth of institutional setups for charging and battery management.

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Experts welcome Modi government’s booster dose for real estate sector Image Source : FILE FM tossed support for Real Estate sector and what realty expert thinks?

[realestateradar]

Capital Gains Tax Revisions in Budget 2025: What to Expect for Stocks, Real Estate, and Mutual Funds

As Budget 2025 approaches, investors are closely watching for potential updates to the capital gains tax regime, particularly after significant changes were introduced in Budget 2024. Finance Minister Nirmala Sitharaman had already revised the capital gains tax framework, raising the short-term capital gains (STCG) tax rate from 15% to 20% and setting the long-term capital gains (LTCG) tax rate at 12.5%. The threshold for LTCG exemption was also raised from ₹1 lakh to ₹1.25 lakh.

In the July 2024 Budget, the government further altered the capital gains tax structure, eliminating indexation benefits on real estate transactions. The long-term capital gains tax rate was reduced from 20% to 12.5%, which was met with criticism from property owners. Indexation, a method that adjusts for inflation, had previously allowed taxpayers to lower their tax liability on real estate gains. However, the government clarified that real estate assets bought before July 23, 2024, would continue to benefit from indexation.

The changes, aimed at simplifying the tax system, sparked mixed reactions. While the government reassured that the updates would streamline the taxation process, the removal of indexation benefits for certain assets led to concerns. To address this, partial reinstatement of indexation benefits for the real estate sector was announced.

An amendment to the Finance Bill 2024 introduced a provision that allows taxpayers to choose between the 12.5% LTCG tax rate without indexation or the 20% rate with indexation for properties purchased before July 23, 2024.

Looking ahead to Budget 2025, experts urge the government to focus on simplification rather than introducing further complexities. Introducing new tax hikes or additional conditions to indexation could risk alienating investors. Manish Bhandari, CEO of Vallum Capital Advisors, suggested that reducing the LTCG tax on equities from 12.5% to 10% would allow investors to retain an additional 2.5% of their gains for reinvestment. He also called for the reintroduction of indexation for debt mutual funds, making long-term investments in debt markets more attractive.

Furthermore, Niranjan Govindekar, Partner at BDO India, advocated for the abolition of the Securities Transaction Tax (STT), given that LTCG tax on securities is now aligned with other assets. He also recommended changes to the tax treatment of share buybacks, ensuring that only the net dividend amount is taxed after accounting for the acquisition cost of shares.

Avadhi Khandelwal, from Adroit Tax Solutions, highlighted that the removal of indexation could significantly alter the taxation landscape. While the goal may be simplification, it could lead to a higher tax burden on investors, particularly in the real estate sector. Khandelwal also suggested that the option to choose between the indexed or non-indexed tax rates should be extended to those who purchased properties after July 22, 2024, in addition to those who bought before that date.

As the Budget 2025 session nears, these potential changes will continue to be a focal point for investors across sectors, from equities to real estate and mutual funds.

[homehustler]

Why HNIs Are Selling Luxury Properties in Mumbai’s Real Estate Market

Several high-net-worth individuals (HNIs), including Bollywood celebrities, have recently sold their properties in Mumbai, raising questions about the motivations behind these transactions. Experts suggest that factors such as profit booking, capital gains management, and tax implications may be driving these sales.

Profit Booking and Capital Gains Offset

HNIs often invest in both equities and real estate. While the Indian stock market has seen a bearish trend in recent months, real estate prices—particularly in Mumbai’s luxury segment—have surged. Many investors may be liquidating their real estate assets to offset long-term capital gains against losses incurred in the stock market.

For instance, an investor who sells shares worth ₹100 crore at a ₹10 crore loss could offset this against the long-term capital gain from selling a property for ₹100 crore, thereby saving ₹1.25 crore in taxes.

Tax Policy Changes Impacting Real Estate Decisions

The tax regime has also played a role in influencing investor behavior. In Budget 2024-25, Finance Minister Nirmala Sitharaman proposed reducing the long-term capital gains (LTCG) tax on real estate from 20% to 12.5%, albeit without the indexation benefit. However, concerns arose that this could increase the tax burden in the long run and discourage real estate investments. The government later decided to revise the proposal amid criticism.

Rising Property Prices in Select Pockets

Despite a moderate overall growth in Mumbai’s Housing Price Index (HPI), select premium and luxury segments have witnessed significant appreciation. Neetu Vinayek, Partner and Tax Infra Leader at EY India, notes that some investors may be cashing out on long-term gains amid speculation over potential tax policy changes.

While no official market reports indicate an immediate downturn, some investors may be wary of a possible increase in the LTCG tax rate or the complete withdrawal of indexation benefits. These uncertainties could be prompting HNIs to exit their real estate investments while prices remain favorable.

As the Mumbai real estate market continues to evolve, investor sentiment will likely be shaped by a combination of market dynamics, taxation policies, and broader economic conditions.

[vilaspatelvlogs]

रियल एस्टेट डेवलपर्स को प्रोजेक्ट के लिए 6 महीने की मोहलत: जानिये इसका फायदा किसे, कितना, कब और कैसे मिलेगा?

रियल एस्टेट डेवलपर्स को प्रोजेक्ट के लिए 6 महीने की मोहलत: जानिये इसका फायदा किसे, कितना, कब और कैसे मिलेगा?

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प्रधानमंत्री मोदी ने मंगलवार को आत्मनिर्भर भारत अभियान के लिए 20 लाख करोड़ के पैकेज का ऐलान किया

वित्त मंत्री निर्मला सीतारमण ने बुधवार को पैकेज का ब्रेकअप दिया, रियल एस्टेट सेक्टर के लिए अहम घोषणा की

दैनिक भास्कर

May 13, 2020, 10:35 PM IST

25 मार्च से जब देश में लॉकडाउन शुरू हुआ तो देशभर में कई रियल एस्टेट प्रोजेक्ट्स पर भी काम रुक गया। वित्त मंत्री निर्मला सीतारमण ने बुधवार को जब 20…

[ethlargementpill]

Has Cryptocurrency Become Every Indian's Dream Investment?

Rich rewards often entail great risks, and the same is true with the highly volatile cryptocurrency market. The uncertainties in 2020 globally led to a heightened interest of masses and large institutional investors in trading cryptocurrencies, a new-age asset class. Increasing digitization, flexible regulatory framework, and supreme court lifting ban on banks dealing with crypto-based companies have parked investments of more than 10 million Indians in the last year. Several major global cryptocurrency exchanges are actively scouting the Indian crypto market, which has been showing a sustained surge in daily trading volume over the past year amid a big drop in prices as many investors looked at value buying. As the cryptocurrency frenzy continues, many new cryptocurrency exchanges have come up in the country that enables buying, selling, and trading by offering functionality through user-friendly applications. WazirX, India's biggest cryptocurrency trading platform doubled its users from one million to two million between January and March 2021.

What's Driving World's Largest Crypto Exchanges to the Indian market? In 2019, the world's largest cryptocurrency exchange by trade volume, Binance acquired the Indian trade platform, WazirX. Another crypto start up, Coin DCX secured investment from Seychelles-based BitMEX and San-Francisco based-giant Coinbase. The crypto and blockchain start-ups in India have attracted investment of USD99.7 million by June 15, 2021, which totaled around USD95.4 million in 2020. In the last five years, global investment in the Indian crypto market has increased by a whopping 1487%.

Despite India's unclear policy, global investors are making huge bets on the country's digital coin ecosystem due to a variety of factors such as

• Tech-savvy Indian Population The predominant population of 1.39 billion are young (median age between 28 and 29 years) and tech-savvy. While the older generation still prefers to invest in gold, real estate, patents, or equities, the newer ones are embracing the high-risk cryptocurrency exchanges as they are more adaptable to them. India ranks 11th on Chainalysis's 2020 report listing for global adoption of crypto, which shows the excitement about crypto among the Indian population. Nor does the less-than-friendly attitude of the government towards crypto or rumors swirling around the crypto are able to shake the confidence of the youth population in the digital coin market.

India offers the cheapest internet in the world, where one gigabyte of mobile data costs around $0.26 while the global average is $8.53. So, almost half the billion users are taking advantage of affordable internet access, which enhances India's potential to become one of the largest crypto economies in the world. According to SimilarWeb, the country is the second-largest source of web traffic to peer-to-peer bitcoin trading platform, Paxful. While the mainstream economy is still struggling from the "pandemic effect", cryptocurrency is gaining momentum in the country as it provides the young generation a new and fast way of earning money.

It is safe to say that cryptocurrency might become Indian millennials what gold is for their parents!

• Rise of Fintech Start ups The cryptocurrency craze led to the emergence of multiple trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin, and many others. These cryptocurrency exchange platforms are highly secured, accessible across various platforms, and allow instant transactions, providing a friendly interface for crypto enthusiasts to buy, sell, or trade digital assets limitlessly. Many of these platforms accept INR for purchases and trading fees as low as 0.1% so simple, fast, and secure platforms present a lucrative opportunity for both first-time investors and local traders.

WazirX is one of the leading cryptocurrency exchange platforms with over 900,000 users that provides customers with peer-to-peer transaction capabilities. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for beginners as well as daily doers. Unocoin is one of the oldest cryptocurrency exchange platforms in India that account for over a million traders through mobile applications. CoinDCX provides users with 100+ cryptocurrencies as an option to make exchanges and even provides investors with insurance to cover losses in case of a security breach. So, global investors are eyeing the plethora of cryptocurrency exchange platforms in India to take advantage of the emerging market.

• Mixed Government Response The legislative bill regarding a ban against a virtual currency that would criminalize anyone engaged in possession, issuance, mining, trading, and transferring crypto assets might get enacted into law. However, Finance and Corporate Affair Minister Nirmala Sitharaman eased some investor's concerns saying that the government has not planned to completely bar cryptocurrency use. In a statement given to a leading English newspaper, Deccan Herald, the Finance Minister said, "From our side, we are very clear that we are not shutting all options. We will allow certain windows for people to do experiments on the blockchain, bitcoins, or cryptocurrency." It is evident that the government is still scrutinizing the national security risks posed by cryptocurrencies before deciding on putting a complete ban.

In March 2020, the Supreme court overturned the central bank's decision to ban financial institutions from dealing in cryptocurrencies, which prompted investors to pile into the cryptocurrency market. Despite the lingering fear of ban, transaction volumes continued to swell, and user registration and money inflows at local crypto-exchange became 30-fold from a year ago. One of India's oldest exchanges, Unocoin added 20,000 users in January and February of 2021. The total volume of Zebpay per day of Feb 2021 got equivalent to the volume generated in the whole month of Feb 2020. Addressing the cryptocurrency scenario in India, the Finance Minister said in a CNBC-TV18 interview, "I can only give you this clue that we are not closing our minds, we are looking at ways in which experiments can happen in the digital world and cryptocurrency."

Rather than sitting on the side-lines, investors and stakeholders want to make the best of proliferating the digital coin ecosystem until the government introduces the ban on "private" cryptocurrency and announced sovereign digital currency.

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Real Estate is considered the nation’s most crucial economic engine. This is the major reason that Finance Minister Nirmala Sitharaman welcomed the investment in Budget 2021. Two incentives that are provided to the real estate sector are basically for the benefits of taxes for the investment of affordable housing and private investment format such as REAL ESTATE INVESTMENT TRUSTS OR INFRASTRUCTURE INVESTMENT TRUSTS (REITs OR 11711. Moreover, it includes two tax exemption benefits as well as the deduction of interest on loans for affordable housing. Apart from these, for increasing the value of overall capital appreciation of nearby projects, Finance Minister also announced some supportive measures. This initiative proves to be boosted in the real estate industry this year.