Tax Relief Through Gujarat Budget 2025-26
The Gujarat government's latest budget brings significant relief for homebuyers in Gandhinagar. Finance Minister Kanubhai Desai announced Rs 148 crore in tax benefits, mainly through reduced stamp duty on mortgage deeds. This reduction directly impacts property purchase costs, making homeownership more affordable for buyers across the region.
GIFT City: A Tax Haven for Property Investors
GIFT City continues to shine as Gandhinagar's premier investment destination. The 2025 Union Budget extended tax concessions for IFSC-related activities until March 31, 2030. Property buyers in GIFT City enjoy substantial advantages, including reduced stamp duty rates compared to the standard 4.9% in Ahmedabad and Gandhinagar.
For businesses, GIFT City offers 100% tax exemption for 10 years in IFSC zones. This attracts Investors and professionals, creating strong demand for residential properties.
Property Tax Exemptions in Gandhinagar
The Gandhinagar Municipal Corporation (GMC) offers several property tax rebates. Early payment rebates encourage timely tax payments, while green building rebates support eco-friendly construction featuring solar panels and rainwater harvesting systems.
Senior citizens and disabled property owners qualify for special exemptions. Charitable organisations also receive tax rebates, supporting community welfare initiatives.
GST Rationalisation Impact
Recent GST cuts from four tax slabs to just two (5% and 18%) benefit the construction sector significantly. Experts predict a 1-1.5% reduction in home prices, translating to savings of ₹1-3 lakh per buyer. Cement costs may drop 3-5% overall, saving nearly ₹1,000 per square meter.
Eligibility Requirements
To qualify for these benefits, buyers must meet specific criteria. Properties must serve as primary residences, and applicants need proper documentation, including ownership proof, identity verification, and age or disability certificates where applicable.