Archive · 17 Sep 2025
Tata Realty CEO: High Taxes and Land Costs Hinder Affordable Housing
Imagine you want to buy a house.
A big chunk of the money you pay goes to the government through taxes and fees, almost half!
This makes houses really expensive.
Also, the land to build on is super pricey, especially in cities.
There's not enough affordable land available.
Plus, it can be hard to get to these affordable homes because the transportation and roads aren't always good.
To make houses cheaper, the government needs to lower these taxes and make land more accessible.
Tata Realty CEO, Sanjay Dutt, discussed affordable housing challenges.
Nearly 50% of a property's cost goes to government taxes and charges.
High land costs, particularly in urban areas, are a major factor.
Financing and infrastructure also contribute to the problem.
Dutt urges for tax rationalization and unlocking of land resources.
- Who
- Sanjay Dutt, MD & CEO of Tata Realty
- What
- Discussed obstacles to affordable housing in India.
- When
- At the India Today South Conclave.
- Where
- India
- Why
- To highlight how government policies impact housing affordability.
- Source
- Tata Realty CEO, Sanjay Dutt
- Main Issue
- High government taxes and land costs
- Tax on Property
- Around 50%
- GST on Affordable Housing
- 1%
- Land Cost
- 50-85% of project costs in metros