CREDAI Visakhapatnam praises Union Budget as a visionary roadmap for infrastructure and urban growth
The Hindu
CREDAI Visakhapatnam praises Union Budget 2025-26 as a visionary roadmap for infrastructure and urban growth in India.
The Confederation of Real Estate Developers’ Associations of India (CREDAI) Visakhapatnam has lauded the Union Budget 2025-26, presented by Union Finance Minister Nirmala Sitharaman, as a ‘forward-thinking and visionary roadmap’ that reinforces the government’s commitment to infrastructure development and sustainable urban growth.
The CREDAI noted that the real estate sector had hoped for additional measures. These included greater incentives for affordable housing, an increase in the home loan interest exemption threshold (which they consider long-static), and a revision of the affordable housing definition based on dwelling unit size rather than a fixed ₹45 lakh valuation nationwide. CREDAI believes such measures would have further strengthened housing affordability and market stability.
Key highlights of the budget welcomed by the CREDAI include the ₹1 lakh crore Urban Challenge Fund, aimed at improving urban planning and development; the enhanced UDAN scheme for strengthened regional connectivity; the ₹15,000 crore SWAMIH Fund 2 to expedite stalled housing projects; and the allowance of benefits on two self-occupied properties without conditions, expected to encourage homeownership.
CREDAI Visakhapatnam Chairman K.S.R.K. Raju (Sai), president V. Dharmender, and Secretary V. Sreenu issued a joint statement praising the government’s proactive stance.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Union Budget 2025: Income up to ₹12 lakh tax-free; people earning at least ₹25 lakh will save ₹1.1 lakh; tax rate changes, new Income Tax Bill show government responsive says Nirmala Sitharaman
CII budget session highlights investment, MSME benefits, job creation, and infrastructure development in Tamil Nadu.
G. Premkumar discusses rising costs of essential commodities, high home loan interest rates, and the need for government intervention.
Cyberabad police arrest wanted criminal at pub after dramatic shootout, injuring head constable; investigation ongoing.
AP Chambers praises Union government for tax reforms, calls for more support for Andhra Pradesh industries and tourism.
CBI arrests prime accused in CAPF recruitment irregularities case in West Bengal, ongoing investigation reveals forged domicile certificates.
Union Budget promotes exports through Export Promotion Mission, digital infrastructure, food processing support, and maritime development fund.
Union Finance Minister Nirmala Sitharaman proposes financial sector reforms, technological advancements, regulatory framework changes, and decriminalization of archaic legal provisions.
Stressing upon the importance of preserving agriculture-based village culture for sustainable development, Popatrao Pawar, a social worker from Maharashtra and Padma Shri award winner, said that villages have preserved Indian culture.
The general public of Madurai have largely expressed their disappointment over the Budget presented in Parliament by Union Finance Minister Nirmala Sitharaman on Saturday.
Coimbatore MSMEs welcome Union Budget initiatives for growth and development across various industrial sectors in the district.
CPI district secretary criticises Union Budget 2025-26 as deceptive, protests against lack of funds for Andhra Pradesh.
Shrachi Rarh Bengal Tigers win thrilling Hockey India League final with Jugraj Singh's hat-trick and Sam Lane's decisive goal.
CREDAI Visakhapatnam praises Union Budget as a visionary roadmap for infrastructure and urban growth
CREDAI Visakhapatnam praises Union Budget 2025-26 as a visionary roadmap for infrastructure and urban growth in India.
Himalayan tsunami study reveals 2023 Sikkim flood details, warns of repeat disasters due to climate change impact.
Kochi metro's Kakkanad extension progressing on schedule despite lack of specific funds allocation in Union Budget.
NTK chief Seeman accuses Periyar of humiliating Tamil Nadu residents for 60 years, challenges government on various projects.
Chennai fish market complex faces overcrowding issues, leading to vendors encroaching on parking area, causing chaos and complaints.