The Union Budget 2024 has received a thumbs-up from the Indian real estate industry, with industry leaders praising its focus on inclusive development, infrastructure, and innovation.
Union Budget 2024Indian Real EstateCredai Pune MetroAffordable HousingInfrastructure DevelopmentReal Estate PuneJul 23, 2024
The mission Vikasit Bharat 2047 is a long-term vision for India's development, focusing on inclusive growth, manufacturing, MSMEs, women empowerment, agriculture, urban development, energy security, infrastructure, innovation, and next-generation reforms.
The budget has announced a long-term investment of ₹10 lakh crore and subsequent affordable loan rates for PMAY 2.0, which is expected to bridge the demand-supply gap in affordable housing.
The reduction of GST and BCD on steel is expected to lower input costs for the real estate industry, providing a much-needed relief.
The digitization of urban land records will bring more transparency to transactions, making it easier for home buyers and developers to conduct business.
Some of the unaddressed demands of the real estate industry include the introduction of credit guarantee schemes for affordable home loans, reduction of long-term capital gain taxes, and employment generation and skilling.
The Right to Services Commission chief commissioner announced the upcoming launch of Aaple Sarkar 2.0, addressing user issues and upgrading the digital portal.
Residents of Mohammadwadi and Undri HillTop Nyati County Societies in Pune face daily power cuts despite timely bill payments, causing disruptions to daily life.
Mumbai real estate, Khar, luxury duplex, Navratri festival
Bollywood actress and entrepreneur Sunny Leone has made a significant investment in commercial real estate by acquiring a premium office space in Oshiwara, Mumbai, for ₹8 crore.
Bollywood star Priyanka Chopra has offloaded four luxurious apartments in Mumbai, raking in over Rs 16 crore. The sale highlights the glamour and financial prowess of the Indian film industry's elite.
Akshay Kumar, the Bollywood superstar, has reportedly sold his properties in the Borivali East area of Mumbai. The surprising sale price and the details of the transaction have caught the attention of the media and fans alike.