Good News! The limit of ₹ 10 lakh is now ₹ 20 lakh, due to this decision of Modi government, home buyers will cut the silver.

New Delhi: The morning of April 1, 2026 has brought a wonderful gift for the real estate sector and middle class families of the country. The Central Government has made a historic change in the rules related to purchase and sale of property, which was being demanded for a long time. Now you are going to get great relief from the hassle of paperwork while purchasing land, house or shop.

Major change in PAN card rules

The government has directly increased the mandatory limit for quoting PAN card details during property transactions from ₹10 lakh to ₹20 lakh. This is no less than a big relief for small investors and common home buyers. Especially in Tier-2 and Tier-3 cities, where property prices often range between ₹10 to ₹20 lakh, the hassles during registration will now be significantly reduced. However, it is important to note here that the government has not made any changes in the tax rules. If you make profit on selling property, you will have to pay tax on it as before. This relaxation is limited only to the requirement of providing PAN card information.

Why did the registry get stuck?

The rule till now was that it was mandatory to provide PAN card details in any property deal above ₹10 lakh. Even today, many people in small towns and villages do not have PAN card or there are discrepancies in their documents. In such a situation, even after the deal was finalized, the matter got stuck at the time of registration. Now with the implementation of the new limit of ₹ 20 lakh, deals ranging from ₹ 15 to ₹ 18 lakh will be completed instantly without any hassle. This will not only save people’s time, but will also speed up the buying and selling of property in the market. Experts believe that this step will bring a tremendous boom in the market of ‘affordable housing’.

What do real estate giants say?

Newstone CEO Rajat Bakolia says that increasing the mandatory limit of PAN card will reduce the obstacles in small deals. This will directly benefit semi-urban markets and buyers of affordable homes. At the same time, making PAN mandatory in big deals will also maintain transparency in the system.

According to Rahul Singla, Director, Mapsco Group, removing the requirement of PAN for deals up to ₹20 lakh is a commendable step. This is no less than a boon for first-time home buyers, as now the entire process has become quite simple. JMS Group MD Pushpender Singh has also called it a practical decision. He believes that this will reduce paperwork and increase liquidity in the small property market.