Real Estate Revival: Budget 2024 Brings New Hope for Housing and Infrastructure
The recent budget announcements have brought a renewed focus on the real estate and infrastructure sector, addressing key areas such as industrial parks, housing for urban poor, and the redevelopment of cities.
Real EstateHousingBudget 2024InfrastructureAffordable HousingReal EstateJul 23, 2024
Anshuman Magazine, Chairman & CEO - India, CBRE, highlighted the emphasis on industrial corridors, urban housing, and the redevelopment of cities. The announcement of PM Awas Yojana (PMAY) 2.0 aims to meet the housing needs of one crore urban poor and middle-class families, a significant step towards ensuring housing for all. Additionally, the anticipated revision of stamp duties across states is expected to make property registration more affordable, particularly benefiting women.
Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd, praised the budget as \
Frequently Asked Questions
What is the aim of PM Awas Yojana (PMAY) 2.0?
The aim of PM Awas Yojana (PMAY) 2.0 is to meet the housing needs of one crore urban poor and middle-class families.
What is the significance of the allocation of ₹10 lakh crore under the PMAY urban scheme?
The allocation of ₹10 lakh crore under the PMAY urban scheme is significant as it targets 3 crore houses, underscoring a robust vision for urban development.
How will the revision of stamp duties across states benefit women?
The revision of stamp duties across states is expected to make property registration more affordable, particularly benefiting women.
What is the focus of the budget on infrastructure development?
The focus of the budget on infrastructure development is on setting up industrial parks and vegetable supply chains near urban consumption centers, which is expected to bolster the manufacturing sector.
How will the development of industrial parks and corridors impact the real estate sector?
The development of industrial parks and corridors is expected to provide ample opportunities for real estate stakeholders, driving construction in both urban and rural areas.
Related News Articles
Setting a New Benchmark in Luxury Real Estate: Birla Estates' Silas at Birla Niyaara
Birla Estates launches Silas at Birla Niyaara
Tamannaah Bhatia's Expensive Real Estate Deals in Mumbai
Bollywood actor Tamannaah Bhatia has made headlines with her recent real estate deals in Mumbai. She has leased a commercial property in Juhu and mortgaged three residential units in Andheri West.
How U.S. Foreign Investment Policies Could Reshape NRI Investment in Indian Real Estate
NRIs are increasingly focusing on premium commercial properties and luxury residential markets in cities like Mumbai, Delhi-NCR, and Bangalore, driven by new U.S. foreign investment policies.
Bombay High Court Directs Local Bodies to Integrate with MahaRERA Portal
The Bombay High Court has ordered all municipal corporations and councils in Maharashtra to integrate their websites with the MahaRERA portal for real-time data sharing and improved transparency.
NYC Real Estate Investments Soar as Stocks Hit 52-Week High at $11.3
Investor confidence in New York City's real estate market is at an all-time high, driving the city's stocks to a 52-week peak of $11.3. The market's resilience and potential are fueling this optimistic sentiment.
Panchshil Realty's Major Land Acquisition in Navi Mumbai Boosts Real Estate Sector
Panchshil Realty's Gramercy Info Park Private Limited has made a significant land acquisition in Navi Mumbai, signaling a major boost to the real estate and industrial sectors in the region.