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
ICCA Arabian T10 2024: Top Stars vs Spades Real Estate Match 49 Highlights
Get the live cricket score, updates, and highlights of the ICCA Arabian T10 2024 match between Top Stars and Spades Real Estate at the ICC Academy in Dubai.
Kharadi Residents Demand Urgent Action on Pothole-Ridden Roads in Pune
Residents of Kharadi in Pune are demanding immediate action to repair the pothole-ridden roads in the area, citing hazardous commuting conditions and a threat to safety.
Rustomjee Unveils Verdant Vistas in Thane, Targeting INR 1,750 Crore GDV
Rustomjee's latest project, Verdant Vistas, brings luxury living to Thane, blending urban convenience with natural beauty.
Supreme Court Orders Maharashtra Government to Transfer 24 Acres of Land in Yewalewadi
Pune: Supreme Court Directs Maharashtra Government to Hand Over 24 Acres in Yewalewadi
MahaRERA Issues Show Cause Notices to 11,000 Housing Projects in MMR
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show cause notices to around 11,000 housing projects in the Mumbai Metropolitan Region (MMR). Developers are warned that a lack of response within 30 days could lead to the suspension
Guwahati's Real Estate Surge: A Path to Development by 2041
GUWAHATI: The Guwahati Metropolitan Development Authority (GMDA) has unveiled an ambitious plan to reshape the city's real estate landscape, aiming for significant growth by 2041.