Mores CEO, Mohit Mittal, Calls for Comprehensive Real Estate Reforms in Budget 2025

Economic Times recently featured an article by Mohit Mittal, CEO of Mores, outlining his expectations for the upcoming Budget 2025 in the real estate sector.

Mr. Mittal emphasized the need for comprehensive reforms to boost all segments of the real estate market, including residential, commercial, retail, industrial, co-living, and warehousing.

Key policy recommendations by Mr. Mittal include:

Residential Sector:

• Enhanced tax deductions on home loans.
• Reduced stamp duty charges.
• Expanding benefits under the PMAY scheme.
• Rationalization of GST rates.

Commercial and Industrial Sectors:

• Incentives for infrastructure development in Tier 2 and Tier 3 cities.
• Tax incentives for setting up manufacturing hubs and logistics parks.
• Faster approvals and access to low-cost financing for industrial zones.

Emerging Sectors:

• Incentives for co-living and warehousing to cater to evolving consumer demands and e-commerce growth.

Technology-Driven Reforms:

• Digitized land records and AI-enabled property solutions.

Mr. Mittal believes that these measures are crucial to drive growth, enhance transparency, and create a more conducive environment for the real estate sector in India.