Budget 2025-26: Real Estate Wins, But Will Citizens Benefit?
It is being said that the Budget 2025-26 is a positive development for the real estate sector, especially after the relaxation in various taxes.
But the question is whether the real benefit of these incentives will reach the common citizen? Experts are divided on this.
President of Declaria, Johar Iqbal, called the budget “excellent” for the real estate industry. According to him, the government has recognized the property sector this time, and overall, positive steps have been taken.
He said that “there are still some things left that we are working on, but we want to be given a clear five-year policy.”
Johar Iqbal said that relief has also been given in the budget for common citizens, such as a reduction in EET (advance income tax) on commercial plots, and tax relaxation on plots of 2,000 square feet. According to him, more tax relief can be expected.
However, real estate expert Faisal Sherwani is not so optimistic. He says, “It would be premature to say anything at the moment, because the government often makes announcements, but SROs are not issued to implement them.”
According to Faisal Sherwani, there is talk of a 4 to 5 percent tax reduction for filers, but if the difference between filers and non-filers is eliminated, it will be an ambiguous situation.
He said, “Investors will wait to see whether the government fulfills its promises or not.
Until a clear policy is unveiled, there is little chance of an immediate impact on the real estate market.”
He added, “Apparently, some facilities have been provided for non-filers and overseas individuals, but no special benefits have been provided in the budget for filers.”
